- Charles Schwab will offer Bitcoin and Ethereum spot trading, with plans confirmed during its Q2 2025 earnings call.
- CEO Rick Wurster called crypto a “long-term growth driver”, pointing to growing investor demand and favorable regulation.
- The firm also plans to launch its own stablecoin, considering multiple development paths including partnerships or in-house design.
Charles Schwab, one of the largest investment management firms in the United States, is gearing up to introduce spot trading for Bitcoin and Ethereum. CEO Rick Wurster confirmed the plan during the company’s Q2 2025 earnings call, calling it a “meaningful growth driver” for the firm’s future. With $10.7 trillion in assets under management, Schwab’s move into crypto could significantly reshape the digital asset investment landscape.
A Bullish Outlook on Crypto Integration
According to Wurster, Schwab’s expansion into spot crypto trading is part of a broader push to diversify services and tap into high-demand digital asset markets. The company’s Q2 earnings reflected this momentum, with $5.8 billion in revenue—a 25% year-over-year increase—driven by higher trading volume, interest income, and advisory fees. The crypto rollout is expected to enhance these revenue streams even further.
Wurster initially teased Schwab’s crypto ambitions last November and reaffirmed them during the Spring 2025 Business Update. At the time, he emphasized that the firm’s crypto entry would hinge on evolving U.S. regulations, which have since become more favorable.
Stablecoin Ambitions and Development Strategy
In a forward-looking reveal, Wurster shared that Schwab also intends to develop its own stablecoin. While specifics remain under wraps, he noted that the firm is exploring various development paths. These could include internal R&D, partnerships with existing crypto firms, or building on established blockchain networks. The goal is to complement its crypto trading services and solidify Schwab’s presence in digital finance infrastructure.
With Wall Street giants steadily embracing crypto, Schwab’s move marks another major milestone in institutional adoption. If executed smoothly, their platform could offer new credibility and access for traditional investors entering the crypto space.
