"Schwab Crypto™ is in development and will be offered through Charles Schwab Premier Bank, positioning the product as a gateway for retail investors seeking direct exposure to leading cryptocurrencies such as Bitcoin."
"The move marks a notable shift for Schwab, which until now has limited crypto exposure to indirect investment vehicles, allowing clients to access digital asset markets through exchange-traded products and crypto-related equities."
"CEO Rick Wurster first signaled the firm's intent to enter spot crypto markets in late 2024, citing expectations for a shifting regulatory environment under the administration of Donald Trump."
"A recent report from Charles Schwab found that Bitcoin volatility has declined significantly, with historical volatility falling to 42% in 2025 - about half its 2021 level - making it comparable to or lower than major tech stocks like Tesla and Nvidia."
Charles Schwab is developing 'Schwab Crypto™', allowing clients to buy and sell cryptocurrencies directly. This product will be available through Charles Schwab Premier Bank, targeting retail investors interested in cryptocurrencies like Bitcoin. A waitlist has been opened, pending regulatory approval. This marks a shift from Schwab's previous indirect investment options. The firm aims to compete with established crypto platforms and is also exploring additional crypto products, including a potential stablecoin offering. A report indicates Bitcoin's volatility has decreased significantly, aligning it with major tech stocks.
Read at Bitcoin Magazine
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