Charles Schwab CEO eyes spot Bitcoin trading by April 2026
Charles Schwab Corp CEO Rick Wurster plans to launch spot Bitcoin trading services for clients by April 2026, citing a 400% increase in traffic to Schwab's crypto website as evidence of growing investor interest. Wurster expressed optimism about the regulatory environment improving, which would facilitate the launch of direct spot crypto trading within the next 12 months. Under Wurster's leadership since 2025, Schwab aims to offer digital asset services, pending favorable regulations. Following Donald Trump's re-election, Wurster anticipates a better regulatory landscape for expanding these services. In January 2025, Schwab partnered with Trump Media and Technology Group to create customized ETFs and cryptocurrency services under the "Truth.Fi" initiative, which seeks to provide alternatives to traditional banking systems.
