"$8 trillion asset management giant" Charles Schwab predicts to open Bitcoin and Ethereum "spot trading" within a year.

Traditional financial giant Charles Schwab ( announced by CEO Rick Wurster on July 18 that Schwab plans to offer spot trading services for Bitcoin )BTC( and Ethereum )ETH( within the next year. (Background: Schwab survey shows 45% of investors plan to buy "crypto ETF" next year, with those aged 25-35 favoring Bitcoin) (Additional background: Heavy buying into crypto mining stocks! Funds and brokerage giants "Fidelity Vanguard Charles Schwab" continue to invest in mining company Riot, HIVE) According to the latest market news, traditional financial giant Charles Schwab ) announced by CEO Rick Wurster on July 18 that Schwab plans to offer spot trading services for Bitcoin (BTC) and Ethereum (ETH) within the next year. BWENEWS: SCHWAB CEO WURSTER: WILL INCLUDE SPOT TRADING ON BITCOIN, ETHEREUM. Formula News: SCHWAB CEO WURSTER: Will include spot trading for Bitcoin, Ethereum $ETH, $BTC — Formula News BWEnews (@bwenews) July 18, 2025. Note: Charles Schwab was founded in 1971 and is headquartered in San Francisco, California. It is known for providing securities brokerage, wealth management, investment advisory, and banking services to retail and institutional investors, with low-cost trading and diversified investment products. As of 2025, it manages over $8 trillion in assets and has more than 30 million active accounts, making it one of the largest brokerages in the world. From indirect approaches to direct embrace, in the past, Schwab customers mainly accessed digital assets indirectly through Bitcoin ETFs or blockchain funds. Once spot trading goes live, investors can directly buy, sell, and hold Bitcoin and Ethereum, the two major crypto assets, within the same brokerage account, saving on additional transfer fees while also helping to mitigate regulatory risks. Rick Wurster stated: "This service will become a growth driver for the company in the future." In addition to spot trading, Schwab also revealed that it is exploring the development of stablecoins, possibly through partnerships, internal R&D, or using existing on-chain infrastructure, showing its ambition for blockchain applications. In this regard, some netizens commented on the X platform: "Bro, this is no joke. Charles Schwab plans to launch spot trading for $BTC and $ETH within the next 12 months?! This is a traditional financial giant managing over $8 trillion, diving directly into the crypto market! And this is not some passive investment like an ETF; it's real spot trading functionality going live, directly bringing in pension and institutional funds. Wall Street isn't just waking up; it's already donned its armor and ready to charge. Now you should get your wallet ready, bro, because when Schwab moves, other giants will surely follow!" Regulatory outlines emerge, compliance costs bring certainty. Analysts also pointed out that Schwab is not just making a single breakout but is riding the train of regulatory clarity. The recently passed CLARITY Act in the U.S. classifies Bitcoin as a digital commodity regulated by the CFTC; securities tokens fall under the SEC’s jurisdiction, and brokerages must register with the corresponding agencies based on the nature of the assets and implement AML and KYC requirements. Although the process is complex and costs are rising, it brings legal certainty, which is precisely what traditional finance cares about in terms of risk pricing. Schwab's move is not just a business option for a single brokerage but a microcosm of the global financial sector's movement. With clear regulations and institutional capital pouring in, crypto assets are moving from the periphery of experimentation to core asset pools. In the future, investors may see more compliant products, from spot trading to tokenized bonds, catering to diverse risk profiles. Related reports: Bitcoin outlook at $200,000, could XYZVerse see a surge in returns by 2026? Trump rumored to open $9 trillion 401(k) retirement funds for crypto investment, will Bitcoin soar? Bitcoin drops below $118,000! Trump’s son Eric Trump calls to "buy the dip BTC," bullish indicators from CZ also appearing? Charles Schwab predicts launching Bitcoin, Ethereum "spot trading" within a year. This article was first published in BlockTempo, the most influential blockchain news media.