Charles Schwab Announces Spot Crypto Trading Platform Launch

Charles Schwab is preparing to launch a dedicated spot crypto trading platform, focusing initially on Bitcoin and Ethereum. This move is driven by CEO Rick Wurster, who emphasizes the importance of regulatory clarity for successful launch in the coming years. The company aims to offer a more cost-effective trading experience for clients, potentially increasing liquidity and trading volume. Schwab expects this entry into crypto markets to increase client engagement and impact market activity similar to other institutional moves in the space. While waiting on regulatory approval, Schwab’s CEO suggests they will launch their platform within 12 months.