A new major Bitcoin (BTC) move came from financial giant Charles Schwab, which manages over $10 trillion in assets.
Accordingly, the financial giant announced that it is preparing to launch direct spot cryptocurrency trading.
Charles Schwab CEO Rick Wurster stated in a recent speech that the company aims to launch Bitcoin trading services by April 2026.
CEO Wurster said the company is on a great track to offer spot BTC trading service within 12 months, subject to regulatory clarity.
Wurster noted that investors’ interest in digital assets has increased recently, citing a 400% increase in traffic to Schwab’s crypto website as evidence of this.
The CEO also added that 70% of the traffic and visitors to the website are potential new customers.
“With the changing regulatory environment, we are hopeful and believe that we can launch a direct spot cryptocurrency trading service.
Our goal is to achieve this in the next 12 months and we are on a great path to achieve this.”
Experts noted that Charles Schwab’s entry into the spot crypto market signals a major shift in institutional stance towards Bitcoin. At this point, it was stated that Schwab’s entry into the crypto market could mirror the impact of BlackRock and Fidelity’s Bitcoin ETFs, which they launched in early 2024, on the market.
According to experts, this strategic move could provide significant capital inflows to Bitcoin and other major cryptocurrencies, and Bitcoin could be on the verge of a new bullish cycle.
Bitcoin continues to trade at $87,360, having recovered 2.7% in the last 24 hours.
*This is not investment advice.
Continue Reading: $10 Trillion Financial Giant Makes Move That Could Start a New Rally in Bitcoin!
