Charles Schwab is preparing to expand crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster.
In an interview with CNBC on Friday, Wurster said Schwab clients were holding significant crypto exposure through products exchanged (ETP) products, which own more than 20% of the industry’s Crypto ETP market. However, he noted that the crypto still represents the relatively small portion of clients’ total wealth, around $ 25 billion from $ 10.8 trillion.
“We look forward to the launch of Bitcoin (Btc) and ether (Eth) Soon our clients have access to that, “he said.” We think it would be a speeding of our growth. “
The CEO claimed that many clients currently maintain 98% of their wealth in Schwab but only hold 1% to 2% of their crypto assets with digital-native companies. “They want to bring it back to Schwab because they trust us. They want us to sit next to their other owners,” he added.
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Schwab to compete against Coinbase
Wurster said Schwab is “fully” looking to compete against crypto exchanges such as Coinbase by introducing the crypto trading spot. “If they buy their crypto at Coinbase, we want to see them bring back their crypto to Schwab,” he said.
Earlier this year, Wurster said the company Looking forward to an April 2026 launch window To provide Bitcoin trading services to Schwab clients. At this time, he cited a 400% increase in traffic on the Schwab’s crypto website as evidence of investor’s interest in digital ownership.
Schwab has increased its involvement in the crypto sector amid growing regulatory clarity. In 2025, Currency (OCC) Comptroller’s office (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve That saved earlier restriction rules Issued after the fall of the FTX. Change gives banks to participate in crypto activities such as caution and trading.
Following the approved from the US Securities and Exchange Commission, Schwab added Bitcoin and Ether ETF to its platform. The company also provides other crypto-related products, including mixed ETFs, each other’s funds, and Bitcoin options, according to its website.
Related: Top Cryptos have fixed income in the ETF Wishlist list: Schwab Survey
Institutions cover crypto investments
A survey conducted in March of Coinbase and found ey-parthenon 83% of institutional investors intention To increase their crypto handling in 2025, with many invested in altcoins beyond bitcoin and ether.
The survey identified XRP (XRP) and Solana (Sol) as the most favored owners to respondents. It also showed that most are expected to provide 5% or more of their portfolios on cryptocurrencies this year.
Similarly, a May of the May of Fireblocks found that 90% of institutional players used Or exploring stablecoins, with about half deploying them for payments.
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