Charles Schwab's CEO, Rick Wurster, announced plans to introduce spot trading for Bitcoin and Ethereum, highlighting a growing interest from clients in cryptocurrency. With clients already holding significant amounts of crypto ETFs, Schwab aims to compete with traditional crypto exchanges by integrating these assets into its service offerings.

Charles Schwab is set to launch spot trading for Bitcoin and Ethereum, aiming to integrate cryptocurrencies into traditional investment portfolios while emphasizing client education and innovation. This strategic move reflects Schwab's recognition of the growing demand for digital assets and positions the firm to enhance client convenience and portfolio diversification. By focusing on major cryptocurrencies, Schwab hopes to mitigate risks and promote informed decision-making among investors.