Important points
- Charles Schwab CEO Rick Wurster has confirmed that spot crypto trading will begin in the first half of 2026.
- The announcement comes after the company reported better-than-expected third-quarter revenue due to a surge in retail activity and an increase in Gen Z investors.
Charles Schwab, a major US investment services firm, plans to start spot trading of cryptocurrencies in the first half of 2026.
CEO Rick Wurster confirmed the schedule in a statement Thursday after Schwab's third-quarter earnings report beat Wall Street expectations. The company reported total net new assets of $134.4 billion, an increase of 48% year over year, driven by record retail trading activity and continued customer growth.
Wurster said Schwab's crypto trading products will complement the company's broader wealth solutions strategy, highlighting that the company is “already winning” among Gen Z investors. Approximately one-third of new retail accounts are now from customers under the age of 28, reflecting growing demand for diverse investment access, including digital assets.
