Charles Schwab is set to launch spot trading for Bitcoin and Ethereum, aiming to provide clients with access to crypto assets. CEO Rick Wurster revealed that clients already have exposure to over 20% of the crypto ETP market. Schwab plans to compete with exchanges like Coinbase by offering spot crypto trading.

Schwab expects to introduce spot Bitcoin trading by April 2026 and has seen a 400% increase in traffic to its crypto website. The company has expanded its involvement in the crypto sector following regulatory changes that allow banks to participate in crypto activities like custody and trading. Schwab now offers Bitcoin and Ether ETFs.

Institutional investors are increasing their crypto holdings in 2025, with 83% planning to allocate more to digital assets. Assets like XRP and Solana are favored among respondents, who expect to allocate at least 5% of their portfolios to cryptocurrencies. Additionally, 90% of institutions are either using or exploring stablecoins for payments.

Read more at Cointelegraph: Charles Schwab to Launch Bitcoin and Ether Spot Trading, CEO Confirms