Charles Schwab to Launch Spot Bitcoin and Crypto Trading in 2026
According to CEO Rick Wurster, Charles Schwab plans to roll out spot cryptocurrency trading by mid-2026 to attract younger investors amid rising competition from platforms like Robinhood.
BTC
Fact Check
Multiple credible sources from April and May 2025, including Reuters and Yahoo Finance, quote Charles Schwab's CEO stating the company plans to launch spot Bitcoin and Ethereum trading 'within the next 12 months.' This timeline firmly places the expected launch by mid-2026, making the statement highly probable.
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Summary
Charles Schwab CEO Rick Wurster confirmed that the company plans to launch spot cryptocurrency trading by the first half of 2026. The initiative aims to draw younger investors and compete with digital-native platforms such as Robinhood. Wurster noted that while crypto could add value to Schwab’s offerings, the firm has already been successful in appealing to younger demographics. The announcement was made as part of Schwab’s broader strategy to modernize its investment products and strengthen its market presence.
Terms & Concepts
- Spot Cryptocurrency Trading: The direct buying and selling of cryptocurrencies for immediate settlement, without using futures or derivatives contracts.
- Digital-Native Platforms: Online financial platforms, such as Robinhood, built primarily for digital use and popular among younger investors.