Schwab CEO Sees Crypto Trades as a Potential Revenue Stream

Charles Schwab is treating client cryptocurrency trading as a potential source of transaction revenue as it expands access to Schwab Crypto, introduces transfers in stages and prepares to add three digital assets by year-end. President and CEO Rick Wurster described the opportunity during an Oct. 15 business update. “So I expect us to be able to monetize our clients’ trading behavior that they want to do that’s helpful to their financial lives.” Schwab has not disclosed revenue or customer figures for its crypto service. Schwab Crypto began rolling out in May 2026 with direct trading in Bitcoin (BTC) and Ether (ETH). The firm charges a 0.75% fee on each crypto transaction.

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