The CEO of Charles Schwab Group expects to launch spot Bitcoin trading by April 2026.

CN
6 hours ago

Source: Cointelegraph Original: "{title}"

According to reports, Charles Schwab Corporation CEO Rick Wurster plans to launch spot Bitcoin (BTC) trading services in April 2026 to serve Schwab's clients.

According to RIABiz, Wurster stated that Schwab's cryptocurrency website traffic has increased by 400%, indicating a growing interest in digital assets among investors. Wurster predicted, "Our expectation is that as the regulatory environment changes, we have hope and are likely to be able to launch spot cryptocurrency trading. Our goal is to achieve this within the next 12 months, and we are working towards that goal."

The comments from Schwab's CEO reflect the increasing adoption of crypto products by traditional financial (TradFi) institutions, providing services that blur the lines between traditional finance and the world of digital assets.

Schwab Accelerates Cryptocurrency Strategy Under New CEO

Rick Wurster took over as CEO of Schwab in 2025 and stated in a November 2024 interview with Yahoo Finance that the company is willing to provide services for clients looking to trade digital assets.

At that time, Wurster told financial news media that Schwab hopes to offer cryptocurrency trading services directly to clients but is waiting for a positive regulatory catalyst.

After Trump was re-elected as President of the United States, Wurster indicated that the financial services company expects the regulatory environment to improve significantly, creating better conditions for expanding its digital asset services.

The Schwab CEO previously stated that he does not own any cryptocurrencies and added that he feels "foolish" for not investing in this emerging asset class, as cryptocurrencies have consistently provided significant investment returns.

In January 2025, Charles Schwab Corporation partnered with Trump Media and Technology Group (TMTG) to provide customized exchange-traded funds (ETFs) and cryptocurrency services for the upcoming "Truth.Fi" service.

"Truth.Fi" will cover digital assets and traditional financial services as an alternative to the traditional banking system.

TMTG CEO and White House official Devin Nunes stated that TMTG aims to provide an option for those concerned about unfair banking practices and "being canceled, censored, de-banked, and having their privacy violated by big tech companies and woke corporations."

Related: Lawyer claims the crypto industry has not encountered "regulatory capture" phenomenon.

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