This week delivered significant, interconnected developments across the cryptocurrency and traditional finance sectors, signaling both institutional maturation and regulatory evolution. From Charles Schwab’s strategic openness to crypto acquisitions and Binance’s leadership restructuring to the United Kingdom’s landmark property law and Coinbase’s deepening bank partnerships, these moves collectively underscore a period of foundational integration for digital assets within the global financial system.
about Crypto News Roundup: Schwab's M&A Plans, Binance Leadership, UK LawRick Wurster
0 posts last weekSchwab CEO on Gen Z, Crypto, and Market Navigation
In an exclusive Bloomberg Businessweek Daily interview from the Schwab IMPACT 2025 conference, Charles Schwab President & CEO Rick Wurster outlined the firm’s comprehensive approach to navigating today’s complex investment landscape. Speaking with Carol Massar and Tim Stenovec, Wurster detailed how the traditional financial giant is adapting to serve retail investors amid market volatility while strategically positioning itself to attract younger generations through modern investment vehicles including cryptocurrency and prediction markets.
about Schwab CEO on Gen Z, Crypto, and Market NavigationPNC Partners with Coinbase for Crypto Trading in Client Accounts
PNC Financial Services Group has entered a partnership with Coinbase, enabling its wealth and asset management clients to trade cryptocurrencies seamlessly through their PNC accounts. The collaboration, still in its early stages, also includes PNC providing select banking services to Coinbase, likely in treasury management. Emma Loftus, PNC’s head of treasury management, highlighted the bank’s exploration of crypto use cases for commercial clients, particularly in payments and treasury functions, though these are not yet fully developed. The move aligns with growing demand for unified financial dashboards, as seen with Charles Schwab’s recent comments. PNC CEO William Demchak noted that large-scale stablecoin initiatives would likely be industry-led, with PNC participating. The partnership reflects broader banking trends, as major institutions like JPMorgan and Bank of America prepare for crypto’s impact on payments. The recent federal stablecoin regulation further underscores the sector’s evolving landscape.
about PNC Partners with Coinbase for Crypto Trading in Client AccountsSchwab to Offer Bitcoin, Ethereum Trading in 2026
Charles Schwab, managing $7.3 trillion in assets, will launch spot Bitcoin and Ethereum trading by 2026, as revealed by CEO Rick Wurster. The decision follows regulatory easing and strong client interest, with Schwab customers already holding 20% of crypto ETPs. Despite only 1-2% of client crypto assets being held with Schwab, demand is surging, evidenced by a 400% spike in crypto-related web traffic. The shift aligns with institutional trends, as surveys predict an 83% increase in crypto allocations by 2025, with Solana and XRP gaining traction alongside stablecoins for payments.
about Schwab to Offer Bitcoin, Ethereum Trading in 2026Charles Schwab Plans Bitcoin and Ethereum Trading Soon
Charles Schwab CEO Rick Wurster announced in a CNBC interview that the financial giant is preparing to launch Bitcoin (BTC) and Ethereum (ETH) trading soon. With clients already holding 20% of the crypto exchange-traded products industry-wide, Schwab sees significant growth potential by integrating crypto services. Wurster emphasized that clients prefer consolidating their crypto holdings at Schwab due to trust and convenience, positioning the firm to compete directly with platforms like Coinbase.
about Charles Schwab Plans Bitcoin and Ethereum Trading SoonCharles Schwab to Launch Bitcoin & Ethereum Spot Trading
Charles Schwab is expanding its crypto services by preparing to offer spot trading for Bitcoin and Ethereum, as announced by CEO Rick Wurster. The firm aims to attract clients seeking to consolidate crypto with traditional assets, noting that Schwab clients already hold over 20% of the crypto ETP market. Despite this, crypto remains a small fraction of total client wealth ($25 billion out of $10.8 trillion). Wurster emphasized the upcoming launch as a growth accelerator, signaling Schwab’s commitment to bridging traditional finance and digital assets.
about Charles Schwab to Launch Bitcoin & Ethereum Spot TradingCharles Schwab to Offer Bitcoin and Ethereum Trading Soon
Charles Schwab is set to launch Bitcoin (BTC) and Ethereum (ETH) trading services in response to client demand for unified asset management. CEO Rick Wurster revealed that Schwab clients already hold over 20% of U.S. crypto ETPs, worth $25 billion, though this is a tiny fraction of the firm’s $10.8 trillion in total balances. The service, expected soon, will allow customers to consolidate crypto holdings currently held on platforms like Coinbase, offering integrated portfolio reporting and Schwab’s custody standards. Wurster framed the move as a convenience play rather than speculative trading, noting clients prefer viewing crypto alongside traditional assets. The rollout could intensify competition with Coinbase, as Schwab aims to reclaim client balances parked elsewhere.
about Charles Schwab to Offer Bitcoin and Ethereum Trading SoonCharles Schwab Eyes Stablecoin Launch Amid Crypto Push
Charles Schwab CEO Rick Wurster revealed plans to explore issuing a stablecoin during an earnings call, aligning with the firm’s broader push into crypto, including spot Bitcoin and Ethereum ETFs. The brokerage, managing over $7 trillion in assets, joins peers like Citigroup and JPMorgan in eyeing the $250B+ stablecoin market. This comes as the U.S. prepares to enact the Genius Act, a stablecoin regulatory framework, potentially accelerating adoption. Currently dominated by crypto-native firms like Tether ($179B daily volume) and Circle ($28B), the stablecoin market is projected to reach $750B by 2030. Schwab’s stock rose 2% following the announcement.
about Charles Schwab Eyes Stablecoin Launch Amid Crypto PushCharles Schwab Appoints Head of Digital Assets to Expand Crypto Services
Charles Schwab is establishing a head of digital assets role to enhance its crypto services, with Joe Vietri appointed as the first to fill this position. The firm, managing approximately $10.33 trillion in client assets, currently offers regulated products like spot Bitcoin ETFs and is preparing to expand into spot cryptocurrency trading as regulatory conditions evolve. CEO Rick Wurster noted a significant increase in client interest, highlighted by a 400% rise in visitors to their crypto site in the last quarter.
about Charles Schwab Appoints Head of Digital Assets to Expand Crypto ServicesTexas Stock Exchange Files for National Operation Aiming for 2026 Launch
The Texas Stock Exchange (TXSE) has filed to operate as a national securities exchange, aiming for a launch in early 2026, pending SEC approval. The exchange has raised $161 million from notable investors, including BlackRock and Citadel Securities, and seeks to challenge the dominance of the NYSE and Nasdaq by addressing the high costs associated with going public. TXSE’s headquarters will be located in Dallas, featuring executive offices and a conference center.
about Texas Stock Exchange Files for National Operation Aiming for 2026 LaunchMorgan Stanley Explores Crypto Services Amid Regulatory Challenges in the US
Morgan Stanley CEO Ted Pick announced the bank’s exploration of offering crypto services in the US, emphasizing the need for regulatory engagement to ensure safety as a highly regulated institution. E-Trade, a subsidiary, is preparing to launch spot crypto trading, pending regulatory approval. The growing interest in crypto among traditional financial institutions is evident, with firms like Charles Schwab also considering entry into the market if conditions improve.
about Morgan Stanley Explores Crypto Services Amid Regulatory Challenges in the US