EddieJayonCrypto
21 Apr 25
Charles Schwab CEO Rick Wurster announced plans to launch a spot crypto trading platform within the next year, responding to growing client interest and increased traffic to their crypto site. The firm, managing $9.93 trillion in assets, aims to expand its crypto capabilities by 2026, anticipating a...
Charles Schwab is gearing up to launch a spot crypto trading platform within the next year, aiming to capitalize on the rising interest from clients and utilize its strong brand reputation in the fast-evolving crypto market.CEO Rick Wurster announced this strategic move during the company’s Q1 earnings call, highlighting a surge in engagement on Schwab’s crypto site, which saw a 400% increase in traffic with 70% of visitors being potential new clients. This spike signifies growing investor appetite for crypto services offered by trusted institutions.Managing nearly $10 trillion in total client assets, Charles Schwab plans to roll out this new spot crypto trading service by 2026, aligning with expectations of a more favorable regulatory landscape. Wurster emphasized that the firm is on a promising path to meet and exceed client crypto needs by adding more capabilities in the near term.To spearhead this initiative, Schwab has created a new executive role, the head of digital assets, filled by Joe Vietri, who will drive the firm’s crypto strategy forward. With a robust approach and client trust, Charles Schwab is positioning itself as a premier destination for investors venturing into cryptocurrency.