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Charles Schwab (SCHW) wants a part of the Crypto Trading Pie.
“There are many ways clients can invest in crypto at Schwab, and we provide a lot of insights and education about crypto,” Charles Schwab CEO Rick Wurster said of the Yahoo Finance opening bid podcast (video above; listen below).
“We’ll be adding Spot Crypto trading over the next 12 months. We’ll start with a focus on Bitcoin and Ethereum. It’ll be on the ThinkorsWim platform and soon on Schwab.com and mobile.”
Wurster said Schwab has no plans to enter the Meme Coin Trading environment.
“These are areas where we’re going to get to the side and make someone else available. We focus on everyday investors who want crypto to be part of our portfolio,” says Wurster.
Charles Schwab is not just a traditional investment company that focuses on a deeper role in the crypto community.
Morgan Stanley (MS) executives are looking to add Spot Cryptocurrency Trading to their E* trade trading platform in 2026, Bloomberg reported Thursday.
Listen: Why Edward Jones CEO doesn’t consider Crypto as an asset class
A spokesman for Morgan Stanley declined to comment on Yahoo Finance.
The brokerage is trying to cash out the more friendly crypto background under the Trump administration.
The SEC stopped litigation against several crypto trading companies, including Coinbase (Coin) and Robinhood (Hood) after Trump took office. On April 21st, Paul Atkins, chairman of the Procrypto Securities and Exchange Committee, was sworn in.
Meanwhile, the SEC also elicited accounting guidance that restricted banks from offering custody of cryptocurrency.
And the Trump signing move was to create a strategic Bitcoin reserve on March 6th.
Despite efforts, Bitcoin has slid more than 10% in Trump’s first 100 days as investors risked against a surge in tariff-related headlines.
“In the long term, we believe that the foundation of Bitcoin is driven by its own demand trajectory and mathematically proven immutable supply of 21 million coins. Today, Bitcoin is 19.9 million, with the remaining 1.1 million being mined, so almost 95% will be mined over the next decade, Chugani said.
Three times a week, I chat with the biggest names of the business and market in my opening bids with insightful conversations. Find more episodes on the Video Hub or check out the streaming service of your choice.
Brian Sozzi is the executive editor of Yahoo Finance. Follow Sozzi on X @Briansozzi, Instagram and LinkedIn. A hint for the story? Please email [email protected].