Charles Schwab to Launch Direct Spot Crypto Trading by 2026

Charles Schwab plans to offer direct spot crypto trading by April 2026, as CEO Rick Wurster indicates a readiness for this move due to changing regulations. Currently, the firm provides crypto exposure through ETFs and futures. This initiative aims to cater to growing client demand for digital assets while adapting to the evolving regulatory landscape in the U.S.

Charles Schwab Corp., under the leadership of CEO Rick Wurster, plans to introduce spot crypto trading services for its clients by April 2026. With over $10 trillion in assets under management, the firm currently provides access to cryptocurrencies through exchange-traded funds (ETFs), closed-end funds, and futures. Wurster expressed optimism about the rollout amid anticipated changes in the regulatory landscape in the U.S.

During the 2025 Spring Business Update, Wurster conveyed confidence in launching direct crypto trading within the next year, stating, “Our expectation is that with the changing regulatory environment, we hope to launch direct spot crypto.” Should this initiative succeed, Schwab’s millions of clients would gain the ability to buy cryptocurrencies directly through their brokerage accounts.

The move towards spot crypto trading marks a significant shift in the traditional financial sector, responding to increasing client demand for digital assets. Nate Geraci, president of the ETF Store, commented on the development, asserting that direct crypto trading will soon be essential for major brokerages.

Previously, in a November 2024 interview, Wurster emphasised Schwab’s intent to expand its services to facilitate digital asset trading, contingent on regulatory progress. The company has adapted its strategies in light of shifting political dynamics and expects improved regulatory conditions to enable these services. Interestingly, Wurster admitted he had not personally invested in cryptocurrencies, reflecting on the substantial growth in the sector.