Charles Schwab, the financial services giant is expanding into digital assets. It announced plans to launch a product which will enable clients to purchase and sell cryptocurrency directly on its platform.
The company revealed The following are some examples of how to use “Schwab Crypto™” Charles Schwab Premier Bank is developing the product and it will be available to retail investors who want direct access into leading crypto currencies such as Bitcoin. The company opened a list of clients that are interested in receiving early access. Availability will still be dependent on eligibility and regulatory approval.
Schwab has made a major shift with this move. has limited crypto exposure to indirect investment vehicles. Clients can currently access the digital asset market through exchange traded products (ETPs), crypto related equities and thematic fund. Publicly traded companies like MicroStrategy and Riot Platforms as well as funds linked to the blockchain and crypto industries are examples.
Charles Schwab’s Bitcoin Train is now in full swing
Schwab’s move into spot trading puts it directly in direct competition with crypto platforms like Coinbase, Robinhood, Webull, etc.
Rick Wurster, the CEO of the company, first announced the intention to enter the spot crypto market in 2024. He cited the expectation that the regulatory landscape would change under Donald Trump’s administration. Since then, the company has positioned itself for when conditions allow broader participation from traditional financial institutions.
Schwab also prepares additional crypto products including a stablecoin after the passage of GENIUS, a stablecoin legislation.
Recent Studies Have Affected the Amount of Money You Spend 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.
Bitcoin still suffers sharp declines despite less extreme fluctuations. This includes a drop of 32% in 2025, and a fall from peak to trough of 50% over the course three years.
On the long term, volatility is still high compared to traditional assets. According to the report, bitcoin has matured as it is integrated into mainstream finance. Growing institutional adoption and ETF development signals increased acceptance.
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Source: bitcoinmagazine.com
