Charles Schwab plans crypto spot trading for advisors in 2027

Asset manager Charles Schwab, with over $10 trillion in client assets, is on track to launch crypto spot trading for advisors on its custody platform. The timeline is currently set for mid-2027, although the company reserves the right to adjust that schedule.

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Schwab expands crypto offering to advisors

Jalina Kerr, Managing Director of Schwab Advisor Services, indicates that the rollout of crypto spot trading, transfer and custody functions for advisors is on schedule. These are features specifically aimed at the custody platform that Schwab offers to financial advisors and wealth managers.

Charles Schwab is not new to the crypto world. The company previously introduced spot trading in Bitcoin and Ethereum for retail clients. The move into professional advisors is a logical expansion, but requires separate infrastructure and possibly additional regulatory approval.

What does this mean for the crypto market?

The announcement comes at a time when the crypto market is under pressure. Bitcoin is currently trading at $69K, down 4.7% in the past 24 hours. Earlier this week, Bitcoin dipped below $70,000, while hundreds of millions in positions were liquidated.

Nevertheless, the interest from large financial institutions shows that long-term expectations remain positive. When a custody giant like Schwab integrates crypto into its advisor services, it opens the door for a huge group of wealthy investors who until now have not had direct access to digital assets through their existing wealth manager. That could channel significant additional capital into the crypto market in the long run.