Crypto meets $10.8 trillion Charles Schwab as CEO announces BTC, ETH spot trading plans
By Shorts-C Jul 19, 2025
In a CNBC interview, Charles Schwab CEO, Rick Wurster announced that the multinational financial services company plans to launch spot Bitcoin (BTC) and Ether (ETH) trading for its clients.
Wurster noted that Charles Schwab’s clients are a big part of the growing ETP market, holding more than 20% of crypto exchange traded products (ETPs), highlighting that this accounted for about $25bn of its $10.8trn client assets.
Rick Wurster believes that the launch of bitcoin and ether trading would be an acceleration of Charles Schwab’s growth, citing that many of its client base reports holding 98% of their wealth on Schwab and 1-2% on digital-native firms but really want to bring it all back to Schwab because “They trust us.”
