Bitcoin News Today: Charles Schwab Corp. (SCHW) to Launch BTC and ETH Spot Trading as Institutional Demand Surges

Charles Schwab Corp. (SCHW) is preparing to introduce spot trading for Bitcoin and Ethereum, according to an analysis by BiyaPay, signaling a strategic shift as institutional demand for digital assets intensifies. The U.S. financial services firm, which manages $10.8 trillion in assets, aims to consolidate client cryptocurrency holdings onto its platform, with CEO Rick Wurster emphasizing the necessity of adapting to growing market trends. Current clients already hold 20% of cryptocurrency ETF products, and the firm anticipates further momentum following the approval of spot ETFs for Bitcoin and Ethereum [1].

The move aligns with broader regulatory easing in the U.S. market, where major institutions are increasingly prioritizing crypto integration. While crypto assets represent only $250 billion of Charles Schwab’s total managed assets, Wurster highlighted their “significant market share” among existing clients, underscoring the platform’s role in streamlining asset management. The firm’s decision reflects a broader industry trend, with financial giants accelerating cryptocurrency adoption to meet evolving investor expectations [1].

BiyaPay, a multi-asset trading platform, has positioned itself as a bridge between digital and traditional finance. The platform supports fiat-to-crypto conversions and cross-border transfers to Charles Schwab, enabling users to deposit stablecoins like USDT and convert them to U.S. dollars for swift transactions. This functionality, which leverages BiyaPay’s compliance-focused remittance services, aims to reduce friction for investors seeking to consolidate assets while adhering to regulatory standards [1].

The integration underscores the growing interdependence between crypto-native platforms and legacy financial systems. By facilitating seamless transfers, BiyaPay addresses a key barrier to mainstream adoption—liquidity and cross-border accessibility—while Charles Schwab’s expansion into spot trading signals confidence in crypto’s long-term institutional viability. Analysts note that such collaborations could accelerate the normalization of digital assets within traditional portfolios, particularly as regulatory clarity continues to emerge [1].

Source: [1] [BiyaPay Analyst: JTrust Wealth Management to Launch BTC, ETH Spot Trading Soon, BiyaPay Supports Transfers to JTrust Wealth Management] [https://www.theblockbeats.info/en/flash/304319]