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 development.
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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 a press release Thursday following Schwab’s third-quarter earnings report, which beat Wall Road estimates. The agency posted $134.4 billion in whole internet new property, a 48% enhance from the earlier 12 months, pushed by report retail buying and selling exercise and continued shopper development.
Wurster mentioned Schwab’s crypto buying and selling product would complement its broader wealth options technique, emphasizing that the agency is “already successful” with Gen Z buyers. Roughly one-third of latest retail accounts now come from prospects underneath 28 years previous, reflecting rising demand for diversified funding entry, together with digital property.
