Charles Schwab is seeing booming engagement from retail traders in its crypto merchandise.
In an interview with CNBC, CEO Rick Wurster stated that visits to Schwab’s crypto platform have elevated by 90% year-over-year, signaling sturdy investor urge for food for Bitcoin ETFs, Bitcoin futures, and different crypto exchange-traded merchandise.
Schwab shoppers now maintain roughly 20% of all crypto ETPs within the U.S. Wurster emphasised that the corporate is responding to this demand by offering a wide selection of crypto funding choices and academic assets, combining digital entry with conventional shopper help by calls and department places of work.
Charles Schwab may also supply spot Bitcoin buying and selling within the first half of 2026. CEO Rick Wurster shared the information throughout Schwab’s third-quarter earnings name, the place the corporate reported $134.4 billion in web new property, marking a 48% year-over-year improve.
Earlier this yr, the agency introduced plans to supply Bitcoin and Ethereum buying and selling, pushed by shopper demand, noting many wished to consolidate their crypto holdings with Schwab.
Wurster’s ideas within the Charles Schwab’s incomes name marked the primary time the financial institution put a tentative date on the initiative.
The push into crypto comes alongside Schwab’s broader record-breaking quarter: whole shopper property reached $11.59 trillion, up 17% year-over-year, and each day common trades jumped 30%.
The agency’s technique, Wurster defined, focuses on providing each superior buying and selling platforms like ThinkorSwim and steering for brand spanking new traders, making crypto accessible and comprehensible for a broader viewers.
Conventional finance is leaping into bitcoin
Earlier this month, Morgan Stanley launched a report telling shoppers to allocate at most between 2% and 4% of their portfolios to crypto, primarily bitcoin, based mostly on danger profiles. The report described bitcoin as a scarce asset akin to digital gold and instructed it might play a legit function in diversified methods.
It advisable common portfolio rebalancing, ideally quarterly, and gaining publicity by exchange-traded merchandise to handle volatility.
The steering adopted the agency’s growth of digital asset entry through E*Commerce and coincided with bitcoin reaching a brand new all-time excessive of round $126,200.
Earlier this week, U.S. Financial institution introduced their new Digital Belongings and Cash Motion group, in hopes to “to speed up improvement of and develop income from rising digital services reminiscent of stablecoin issuance, cryptocurrency custody, asset tokenization and digital cash motion.”
Additionally, institutional holdings in Bitcoin ETFs rose to $870.7 million in Q3 2025, up $117.3 million from the earlier quarter.
