$7.13 Trillion Asset Manager Charles Schwab to Launch Spot Crypto Trading Within 12 Months

CentBit.Online – Crypto & Blockchain Expert Bangladesh

In a landmark move that underscores the growing mainstream acceptance of digital assets, U.S. financial giant Charles Schwab, which manages over $7.13 trillion in assets, has announced plans to launch spot cryptocurrency trading services within the next 12 months.

According to internal sources and industry reports, Schwab's upcoming platform will allow users to buy and sell major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) directly, much like traditional stocks or ETFs. The service is expected to be integrated into the firm's existing trading ecosystem, offering seamless access for millions of retail and institutional clients.

 A New Era for Crypto Trading?

Schwab’s entry into the crypto market marks a major shift for traditional finance (TradFi). It follows the success of crypto ETFs and increasing client demand for digital asset exposure. The firm already holds indirect crypto positions through its backing of EDX Markets, a crypto exchange built for Wall Street.

By offering spot trading, Charles Schwab is positioning itself to compete with platforms like Coinbase, Robinhood, and Fidelity, further bridging the gap between conventional investment portfolios and decentralized finance.

What This Means for Crypto Markets

The involvement of a conservative asset manager like Schwab adds legitimacy to the crypto sector and could bring millions of new investors into digital assets. Analysts believe this could lead to increased market liquidity, price stability, and regulatory clarity as more institutional players enter the space.

This announcement also reinforces the narrative that crypto is no longer fringe — it's becoming part of the global financial fabric.