Charles Schwab to Launch Spot Crypto Trading in Next 12 Months
Charles Schwab, the $7.13 trillion asset manager, is set to introduce spot cryptocurrency trading within the next year, according to CEO Rick Wurster. The move signals a significant shift in the U.S. financial landscape as traditional institutions increasingly embrace digital assets.
Morgan Stanley recently announced similar plans to offer crypto trading for its e-trade clients, suggesting a broader trend among legacy firms. Regulatory clarity appears to be fueling this institutional adoption wave.