Bitcoin News Today: Charles Schwab to Offer Direct Bitcoin Ethereum Trading

Charles Schwab, a prominent brokerage firm with client assets totaling $10.7 trillion, has declared its intention to introduce direct spot trading for Bitcoin and Ethereum. This strategic move positions Schwab to compete directly with industry leaders such as Coinbase and Fidelity, providing retail investors with seamless access to major cryptocurrencies.

CEO Rick Wurster confirmed that Schwab will enable clients to buy and sell Bitcoin and Ethereum directly on its platform. This integration aims to meet the strong client demand for managing both traditional and digital investments within a single dashboard. Wurster described the upcoming crypto trading features as a "meaningful growth driver," anticipating that digital assets will attract more client funds from specialist crypto exchanges back to Schwab’s comprehensive platform.

In addition to direct spot crypto trading, Schwab is actively developing its own stablecoin, a digital asset pegged to a stable value such as the U.S. dollar. This new offering is designed to provide clients with modern payment and transaction capabilities, complementing the platform’s broader digital asset strategy.

Schwab’s entry into direct spot crypto trading reflects a broader trend among leading financial firms. Other major institutions are also exploring the stablecoin and digital assets sector to meet evolving client needs and regulatory advances. Schwab’s leadership emphasized that their clients already hold significant crypto-related positions through exchange-traded products and seek the convenience and security of unified account management.

Regulatory clarity in the U.S. is improving, further motivating Schwab’s direct participation in digital asset services and product innovation. While Schwab has not committed to a specific launch date, the service rollout is expected “sometime soon,” as the company adapts to regulatory and technological conditions. The stablecoin project is progressing, with the firm considering both in-house development and possible industry partnerships to accelerate its crypto ecosystem presence.

Charles Schwab’s decision to offer spot crypto trading and enter the stablecoin market underscores the growing convergence between mainstream finance and the digital asset world, firmly establishing Schwab as a new heavyweight in the crypto industry.