Charles Schwab Corporation, a top US-based investment firm, announced its intent to launch spot Bitcoin and Ethereum trading during a July 18 earnings call.
The move to expand the company’s digital assets offerings, as first reported by Bloomberg, is expected to be a “meaningful growth driver” and comes alongside plans to explore delivering a stablecoin.
During the call, CEO Rick Wurster told investors that a stablecoin was “something we do want to be able to offer,” adding that the firm “will have a stablecoin at some point.” No timeline was given for the firm’s expansion into spot cryptocurrency trading or stablecoin support.
Charles Schwab currently offers access to a range of spot Bitcoin and Ethereum exchange-traded funds (ETFs) from several issuers, but the addition of spot trades would mark its first direct cryptocurrency offerings to investors.
A Bullish Outlook
According to a press release, the company posted an adjusted earnings per share of $1.14 during the second quarter of 2025, notching $5.85 billion in revenue and up 25% year over year. Total client assets were also up, climbing 14% compared to the same period in 2024 and reaching $10.76 trillion overall.
The overall outlook for Charles Schwab Corporation’s potential entry into the cryptocurrency market appears bullish, with one analyst on social media calling the news “massive” and urging the cryptocurrency community to “buckle up.” Its entry into the spot crypto trading market could serve as a disruptive force among established, dedicated exchanges such as Coinbase.
JUST IN: $138 BILLION CHARLES SCHWAB CEO CONFIRMS IT WILL LAUNCH #BITCOIN AND CRYPTO SPOT TRADING
Charles Schwab currently boasts approximately 37 million active brokerage accounts, according to data from Motley Fool. This positions it as the second largest investment firm by clients behind Fidelity (51.5 million) and its self-reported $10.7 trillion in assets under management (AUM) would give it the top slot, though Vanguard ($10.4 trillion AUM reported for Q1) isn’t expected to hold its Q2 earnings call until the first week of August.
Read More
- Gold Rate Forecast
- Is Squid Game a True Story? The Shocking Truth Behind Netflix’s Deadliest Show
- You Can Play Hollow Knight: Silksong Next Month
- Meghan Trainor Turns Heads With Must-See Red Carpet Look
- The Power Players Who Shaped DC Comics, Ranked
- One:12 Collective The Dark Knight Batman Figure Has Some Great Head Sculpts
- When Hackers Met Their Match: Venus Protocol’s $13.5M Heist Gone Wrong 😅
- EUR THB PREDICTION
- The Hunger Games Prequel Finally Gets the Update Fans Have Been Waiting For
- F-106A Six Shooter War Thunder Event Takes Off
2025-07-19 10:21