Key Takeaways
- Charles Schwab CEO Rick Wurster confirmed spot crypto buying and selling will launch within the first half of 2026.
- The announcement adopted stronger-than-expected Q3 earnings, pushed by a surge in retail exercise and Gen Z investor progress.
Charles Schwab, a number one US funding companies agency, plans to launch spot cryptocurrency buying and selling within the first half of 2026.
CEO Rick Wurster confirmed the timeline in an announcement Thursday following Schwab’s third-quarter earnings report, which beat Wall Road estimates. The agency posted $134.4 billion in complete internet new belongings, a 48% enhance from the earlier yr, pushed by file retail buying and selling exercise and continued consumer progress.
Wurster mentioned Schwab’s crypto buying and selling product would complement its broader wealth options technique, emphasizing that the agency is “already profitable” with Gen Z traders. Roughly one-third of latest retail accounts now come from clients beneath 28 years previous, reflecting rising demand for diversified funding entry, together with digital belongings.
