J.P. Morgan Wealth Management plans to launch Bitcoin and Ethereum spot trading services in the first half of this year

BlockBeats News, April 4th, Charles Schwab, the American brokerage giant, announced that it plans to launch cryptocurrency spot trading services through its banking subsidiary in the first half of 2026, supporting the buying and selling of Bitcoin and Ethereum.

It is reported that the service will be provided through the "Schwab Crypto" account, which is currently open for customer waiting lists. Users must already have a Schwab brokerage account to apply. CEO Rick Wurster stated that this move is in response to customer demand and aims to integrate digital assets with traditional assets such as stocks and bonds into the same account view.

It is worth noting that this cryptocurrency business will be operated by a bank subsidiary, and the related assets will not be protected by the Securities Investor Protection Corporation (SIPC) or covered by Federal Deposit Insurance Corporation (FDIC) deposit insurance. In addition, the service will not initially cover certain U.S. regions, including New York and Louisiana.

Currently, Schwab has offered cryptocurrency-related products such as Bitcoin ETFs and futures. With the launch of direct spot trading, the market generally believes that this move will further promote the integration of crypto assets into the mainstream financial system and potentially put pressure on the fee structure of native cryptocurrency exchanges like Coinbase.