CEO Charles Schwab aims to launch Bitcoin spot trading in April 2026

Rick Wurster – CEO of Charles Schwab – is reportedly aiming for an April 2026 timeline to launch a spot Bitcoin trading service for Schwab's clients.

According to RIABiz, Mr. Wurster stated that traffic to Schwab's cryptocurrency website has surged by 400%, indicating increasing demand from investors for digital assets. The CEO predicts:

"With the changes in the legal environment, we expect to be able to offer instant crypto trading services within the next 12 months. We are on the right track to achieve this goal."

Rick WursterThe statements of CEO Wurster reflect the increasingly clear trend of traditional financial institutions (TradFi) in approaching the crypto market, gradually blurring the lines between traditional finance and digital assets.

Schwab Accelerates Crypto Strategy Under New CEO

Rick Wurster took on the position of CEO of Schwab in 2025. Previously, in an interview with Yahoo Finance in November 2024, he expressed support for providing digital asset trading services to clients.

At that time, Wurster shared that Schwab is ready to offer direct crypto services but is still waiting for positive signals from regulators.

After President Donald Trump is re-elected, Wurster stated that his company expects the legal environment to become more favorable for expanding services related to digital assets.

Previously, Mr. Wurster admitted that he did not own any cryptocurrencies and believed that not investing in this still nascent asset made him feel "silly," especially as it continuously provided superior returns.

Alliance with TMTG to build a new financial ecosystem

In January 2025, Charles Schwab partnered with Trump Media and Technology Group (TMTG) to provide customized ETF funds and cryptocurrency services for the new platform named "Truth.Fi".

Truth.Fi is a project that integrates digital assets with traditional financial services, aiming to create an alternative financial system to traditional banking.

Devin Nunes – CEO of TMTG and also a White House official – stated that the goal of Truth.Fi is to create a new option for those concerned about discriminatory practices in the current banking system, including being "canceled", censorship, denial of service, and privacy violations by large tech corporations and left-wing organizations.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should do their due diligence before making any decisions. We are not responsible for your investment decisions.

Thach Sanh