Bitcoin News Today: Charles Schwab to Launch BTC ETH Spot Trading Driven by Rising Customer Demand and ETF Approvals

Charles Schwab, a U.S.-based financial services provider, is preparing to launch spot trading for Bitcoin (BTC) and Ethereum (ETH), according to BiyaPay analysts. The company’s CEO Rick Wurster emphasized that rising customer demand has positioned cryptocurrency as a critical growth area. Charles Schwab’s clients already hold over 20% of cryptocurrency ETF products, with the firm aiming to consolidate client assets on its platform to enhance management efficiency [1].

The move aligns with a broader trend of financial institutions accelerating their entry into the cryptocurrency sector. Charles Schwab’s total assets under management exceed $10.8 trillion, yet cryptocurrency assets currently represent only $250 billion of that total. Despite the relatively small share, Wurster highlighted the significance of crypto assets in client portfolios, driven by the recent approval of Bitcoin and Ethereum spot ETFs [1].

BiyaPay, a multi-asset trading platform, has announced support for transferring cryptocurrency assets to Charles Schwab. The platform enables users to recharge stablecoins like USDT, convert them to U.S. dollars, and transfer funds to the U.S. financial institution. This integration aims to streamline the transition between cryptocurrency holdings and fiat assets, leveraging BiyaPay’s compliance-focused remittance infrastructure to ensure fast and secure international transfers [1].

The collaboration underscores growing institutional interest in cryptocurrency, as regulatory frameworks for digital assets continue to evolve. BiyaPay’s role as a bridge between retail and institutional markets reflects the maturation of the crypto ecosystem. By offering cross-border transfer capabilities and diversified trading options—including U.S. and China Hong Kong stock trading—BiyaPay positions itself as a facilitator for investors seeking to access traditional and digital asset markets [1].

Analysis suggests that the integration of crypto spot trading by major firms like Charles Schwab could further normalize digital assets in mainstream finance. However, the relatively modest $250 billion allocation to cryptocurrency within Charles Schwab’s total assets highlights the sector’s ongoing challenges in achieving widespread institutional adoption. For now, the focus remains on consolidating existing crypto holdings and expanding accessibility through platforms like BiyaPay.

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]