Charles Schwab Targets 2027 Launch of Spot Crypto Trading, Custody for Advisor Clients
Summary
- Charles Schwab said it plans to introduce spot cryptocurrency trading for advisor clients in 2027.
- The service is designed to offer spot cryptocurrency trading, asset transfers and custody for advisor clients.
- Charles Schwab has already introduced spot Bitcoin (BTC) and spot Ether (ETH) trading for retail investors.
Forecast Trend Report by Period
Charles Schwab plans to introduce spot cryptocurrency trading for investment advisor clients.
Wu Blockchain reported on June 1 that Schwab is targeting a 2027 rollout of spot crypto trading, asset transfers and custody services for advisor clients.
Jalina Kerr, a managing director at Schwab Advisor Services, said the firm is aiming for a mid-2027 launch under its current plan, though the timeline could change.
Charles Schwab is a major US asset manager that oversees more than $10 trillion in client assets.
Once launched, the service will allow investment advisors to trade, hold and transfer clients' crypto assets through Charles Schwab's custody platform.
Charles Schwab has previously offered spot trading in Bitcoin (BTC) and Ether (ETH) to retail investors.
