Key Takeaways
- Charles Schwab CEO Rick Wurster confirmed spot crypto trading will launch in the first half of 2026.
- The announcement followed stronger-than-expected Q3 earnings, driven by a surge in retail activity and Gen Z investor growth.
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Charles Schwab, a leading US investment services firm, plans to launch spot cryptocurrency trading in the first half of 2026.
CEO Rick Wurster confirmed the timeline in a statement Thursday following Schwab’s third-quarter earnings report, which beat Wall Street estimates. The firm posted $134.4 billion in total net new assets, a 48% increase from the previous year, driven by record retail trading activity and continued client growth.
Wurster said Schwab’s crypto trading product would complement its broader wealth solutions strategy, emphasizing that the firm is “already winning” with Gen Z investors. Roughly one-third of new retail accounts now come from customers under 28 years old, reflecting rising demand for diversified investment access, including digital assets.
