The post Charles Schwab to Launch Spot Cryptocurrency Trading in 12 Months – Coincu appeared on BitcoinEthereumNews.com.

Key Points: The brokerage firm Charles Schwab plans to launch spot cryptocurrency trading within 12 months, signaling institutional acceptance. Schwab’s potential entry could boost institutional adoption in crypto. The firm currently offers indirect exposure through ETFs and futures. Charles Schwab, a leading American brokerage, has unveiled plans for spot cryptocurrency trading within a year. This announcement signifies a notable shift toward digital assets in the investment industry. The entry of Charles Schwab into cryptocurrency trading is significant as it could enhance institutional adoption and reshape industry dynamics. Schwab’s Strategic Move Toward Spot Crypto Trading Charles Schwab’s CEO, Rick Wurster, announced during the company’s 2025 Spring Business Update that spot cryptocurrency trading will launch within the next 12 months. “Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that,” said Wurster. Institutional interest is growing as Charles Schwab plans to include direct spot trading, potentially increasing capital inflow from its 36 million clients. The move aligns with other brokers like Robinhood, making the firm more competitive. The launch is contingent on a more friendly regulatory environment, which Schwab anticipates in the near future. Market analysts note the significance of Schwab’s decision, highlighting it as a pivotal moment in institutional interest for digital currencies. Public companies’ Bitcoin holdings increased 16.1% in Q1 2025. This development could further accelerate such trends. Analyzing Bitcoin Trends Amid Schwab’s Announcement Did you know? This marks an important entry by a major brokerage, reminiscent of Goldman Sachs’ 2018 venture into cryptocurrency trading, indicating institutional interest in digital assets. Bitcoin’s price currently stands at $96,520.87, with a market cap of 1.92 trillion…

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Filed under: News - @ May 1, 2025 1:29 pm