Schwab Sees 90% Crypto Surge, Plans 2026 Bitcoin Trading

Charles Schwab sees rising involvement from retail buyers in its crypto merchandise.

In an interview with CNBC, CEO Rick Wurster said that visits to Schwab’s crypto platform have elevated 90% year-over-year, indicating robust investor curiosity in Bitcoin ETFs, Bitcoin futures and different exchange-traded crypto merchandise.

Schwab purchasers now personal roughly 20% of all crypto ETPs within the US. Wurster emphasised that the corporate is responding to this demand by providing a variety of crypto funding choices and academic assets, combining digital entry with conventional buyer help by way of cellphone calls and branches.

Charles Schwab may even provide spot buying and selling in Bitcoin within the first half of 2026. CEO Rick Wurster shared the information throughout Schwab’s third-quarter earnings name. telephone conversationthe place the corporate reported $134.4 billion in internet new property, representing a 48% enhance year-over-year.

Earlier this 12 months, the corporate introduced plans to supply Bitcoin and Ethereum buying and selling, pushed by buyer demand, noting that many had been seeking to consolidate their crypto holdings with Schwab.

Wurster’s ideas in Charles Schwab’s earnings name marked the primary time the financial institution gave a tentative date to the initiative.

The transfer into crypto coincides with Schwab’s broader record-breaking quarter: Whole consumer property reached $11.59 trillion, up 17% year-over-year, and day by day common transactions rose 30%.

The corporate’s technique, Wurster explains, is targeted on providing each superior buying and selling platforms like ThinkorSwim and steerage for brand spanking new buyers, making crypto accessible and comprehensible to a broader viewers.

Conventional finance is leaping into bitcoin

Earlier this month, Morgan Stanley launched a report asking purchasers to allocate a most of two% to 4% of their portfolios to cryptocurrencies, primarily bitcoin, primarily based on threat profiles. The report described bitcoin as a scarce asset much like digital gold and prompt it might play a reliable position in diversified methods.

It really helpful rebalancing the portfolio recurrently, ideally quarterly, and gaining publicity by way of exchange-traded merchandise to handle volatility.

The steerage adopted the corporate’s enlargement of entry to digital property by way of E*Commerce and coincided with bitcoin hitting a brand new all-time excessive of round $126,200.

Earlier this week, US Financial institution introduced their new Digital Property and Cash Motion group, hoping to “speed up the event of and develop income from rising digital services and products corresponding to stablecoin issuance, cryptocurrency custody, asset tokenization, and digital cash motion.”

Additionally institutional pursuits in Bitcoin ETFs rose to $870.7 million within the third quarter of 2025, a rise of $117.3 million from the earlier quarter.