Charles Schwab Set to Launch Bitcoin and Ethereum Trading – Here’s What You Need to Know
- Why Is Charles Schwab Entering the Crypto Market?
- How Did Crypto Trading Volumes Perform in Q2 2025?
- What’s the Bigger Picture for Schwab?
- FAQ: Your Top Questions Answered
Charles Schwab, the financial services giant, is gearing up to enter the crypto market with spot trading for Bitcoin and Ethereum, alongside plans for a proprietary stablecoin. This move comes amid a 22% drop in Q2 2025 crypto trading volumes but aligns with growing institutional interest. Meanwhile, Schwab’s profits surged 60% year-over-year, fueled by Trump-era tariffs and a rebounding market. Dive into the details below.
Why Is Charles Schwab Entering the Crypto Market?
Charles Schwab’s VP of Digital Assets, Jonathan Wurster, confirmed plans to launch Bitcoin and ethereum spot trading within the next 12 months, pending clearer U.S. regulations. "As the regulatory environment evolves, we aim to offer direct crypto trading—likely within a year," Wurster stated. The firm also revealed it’s exploring a stablecoin, potentially through partnerships or in-house development, citing their role in blockchain transactions. This follows the U.S. House’s recent passage of the stablecoin regulatory bill.
How Did Crypto Trading Volumes Perform in Q2 2025?
Despite Bitcoin’s 25% price surge in Q2, spot trading volumes on major centralized exchanges (CEXs) plummeted 22% to $3.6 trillion, per TokenInsight. The decline followed a drop from $5.3 trillion in Q4 2024 to $4.6 trillion in Q1 2025. Bitcoin’s rally was driven by institutional inflows, though it dipped 4.36% last week to $61,840. Ether ETFs, however, saw record daily inflows of $726.74 million, led by BlackRock’s $499 million investment.
What’s the Bigger Picture for Schwab?
Schwab’s crypto push mirrors moves by London’s Standard Chartered, which recently launched institutional BTC/ETH trading. The firm also reported a 60% profit jump tied to Trump-era tariffs, with client assets rising 14% to $10.76 trillion. Adjusted EPS hit $1.14, while trading revenue soared 23% to $952 million. "The end-of-quarter market rebound let us charge higher fees," a Schwab spokesperson noted.
FAQ: Your Top Questions Answered
When will Schwab start crypto trading?
Schwab aims to launch within 12 months, contingent on regulatory clarity.
Will Schwab’s stablecoin compete with USDT?
Details are scarce, but Schwab is evaluating partnerships and internal development.
How did Bitcoin perform in Q2 2025?
BTC ROSE 25% despite spot volume declines, per TradingView data.
