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

2026.04.04 10:23:24

April 4 — American brokerage giant Charles Schwab announced plans to launch crypto spot trading services for Bitcoin and Ethereum via its banking subsidiary in the first half of 2026. The service will be offered through a "Schwab Crypto" account, which is now open for customer waitlists. Users must already hold a Schwab brokerage account to apply. CEO Rick Wurster noted the move responds to customer demand and aims to integrate digital assets with traditional holdings like stocks and bonds in a single account view. Notably, the crypto business will operate under the bank subsidiary, so related assets won’t be protected by the Securities Investor Protection Corporation (SIPC) or covered by Federal Deposit Insurance Corporation (FDIC) deposit insurance. The service will also initially exclude certain U.S. regions, including New York and Louisiana. Schwab currently offers crypto-related products such as Bitcoin ETFs and futures. Market observers expect the direct spot trading launch to further push crypto into the mainstream financial system and potentially pressure the fee structures of native crypto exchanges like Coinbase.
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