Charles Schwab CEO eyes spot Bitcoin trading by April 2026
Rick Wurster, CEO of Charles Schwab Corp, plans to introduce spot Bitcoin trading services for clients by April 2026. Wurster highlighted a significant 400% increase in traffic to Schwab's crypto website, indicating rising investor interest in digital assets. He expressed cautious optimism about launching direct spot crypto trading, driven by a favorable regulatory environment. Wurster emphasizes that the company is positioned to offer these services within the next 12 months. Following changes in U.S. regulations, he believes that Schwab is on a promising path to integrating digital assets into its offerings. Wurster, who took over as CEO in 2025, has previously voiced his intention to provide crypto options directly to clients and acknowledged missed opportunities in the crypto market. Additionally, Schwab's engagement with the Trump Media and Technology Group (TMTG) aims to create a financial alternative addressing concerns over banking practices and censorship while blending traditional financial services with digital assets.
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