46 In a big move that could shake up the financial world, Charles Schwab is gearing up to offer spot crypto trading within the next 12 months. The news, shared by Schwab CEO Rick Wurster, signals a major shift in how traditional finance views digital assets like Bitcoin and Ethereum.Let’s break down what this means, why it matters, and how it could impact the crypto space.A New Chapter for Charles SchwabFor years, Charles Schwab has taken a cautious approach to crypto. While it allowed some exposure through crypto ETFs and futures products, it never stepped directly into the spot market — until now.According to Wurster, Schwab is now “hopeful and likely” to launch spot crypto trading soon. If all goes according to plan, clients could be buying and selling actual Bitcoin and Ethereum directly through the platform within the next year.Why Now? What Changed?There’s been a clear shift in how big institutions view crypto. Earlier this year, the SEC greenlit multiple spot Bitcoin ETFs, opening the door for even more traditional firms to explore direct crypto offerings.And with growing customer demand, Schwab seems ready to deliver. This isn’t just about keeping up with the competition — it’s about future-proofing its business and giving investors what they want.What Spot Crypto Trading Means for Schwab CustomersOnce live, Schwab users won’t need to go to a separate crypto exchange to buy digital assets. Instead, they’ll be able to:Trade actual crypto (not just futures or ETFs)Store it securely within Schwab’s ecosystemLikely get access to beginner-friendly tools and educational contentThis kind of mainstream accessibility is a huge step forward for crypto adoption.Read More: Crypto Titans Collide | Ripple vs SEC | Bitcoin Price Analysis | Ethereum investment returnsAnother Traditional Giant Steps Into CryptoSchwab joining the spot crypto race means one thing: crypto is no longer fringe. When one of the biggest investment firms in the U.S. signals it’s ready to offer direct crypto trading, it validates the asset class in a big way.It’s not just tech-savvy investors or crypto-native platforms anymore. The same company managing retirement accounts and ETFs for millions now sees value in offering direct crypto access.Final ThoughtsThis move won’t just help Schwab stay relevant — it could also bring a wave of new investors into crypto. If you’re a Schwab customer or just watching the space, this is a clear signal: crypto is becoming a standard investment option.Whether you’re new to digital assets or a seasoned holder, the entrance of trusted names like Schwab into the spot crypto trading arena makes the future of crypto look a lot more mainstream.FAQs About Schwab’s Spot Crypto Plans1. What is spot crypto trading?Spot crypto trading involves buying and selling actual cryptocurrencies like Bitcoin or Ethereum — not derivatives or ETFs — and settling the trade instantly.2. When will Charles Schwab launch spot crypto trading?Schwab CEO Rick Wurster said the company aims to launch spot crypto trading within the next 12 months, although no exact date has been given yet.3. Can I already invest in crypto through Schwab?Yes, but only indirectly through crypto ETFs or futures. Direct spot trading of crypto is not yet available but is expected soon.4. Why is this move significant for crypto adoption?Charles Schwab is a major financial institution. Its entry into spot crypto trading gives the space more credibility and opens access to millions of new potential crypto investors.5. Will Schwab offer all cryptocurrencies?Details are still limited, but the initial focus is expected to be on major digital assets like Bitcoin and Ethereum.
