17h
...
Charles Schwab is stepping into the crypto space with plans to offer spot trading for Bitcoin and Ethereum. CEO Rick Wurster confirmed the move during the company’s Q2 2025 earnings call, stating the rollout could happen within the next 12 months. Schwab is optimistic, as improving U.S. regulations and strong internal progress support the launch.
The firm reported impressive earnings, generating $5.8 billion in revenue for Q2 2025, a 25% increase year-over-year. Total assets under management have reached $10.7 trillion. Wurster believes Bitcoin and Ethereum will be meaningful long-term growth drivers, alongside rising trading activity, net interest income, and asset management fees.
In addition to crypto trading, Schwab plans to launch a stablecoin. The firm is exploring multiple paths, including in-house development, partnerships, or using existing blockchain infrastructure. With growing investor demand and regulatory clarity, Schwab is positioning itself to deliver trusted, secure digital asset solutions to its clients.
