Charles Schwab plans to launch a cryptocurrency spot trading service for financial advisors in 2027.

CoinFeed reported on June 2nd, citing Citywire, that Jalina Kerr, Head of Advisory Experience at Charles Schwab, stated that the company plans to launch cryptocurrency spot trading for advisors on its custody platform in 2027. Progress is smooth, and the launch is expected to be closer to mid-year, though a specific date has not yet been determined. Charles Schwab has already launched Bitcoin and Ethereum spot trading for retail clients this year. Kerr pointed out that digital assets are not uniformly regulated like other brokerage and securities products, requiring careful consideration from deposit to withdrawal. She stated that advisors currently prefer to allocate crypto assets for clients through Charles Schwab's exchange-traded products, but interest in spot trading has recently increased. Charles Schwab's competitor, Fidelity, already offers crypto custody and trading solutions for wealth management managers.