According to Crypto Rover, Charles Schwab's CEO announced that the firm is actively working on enabling spot crypto trading within the next 12 months. This move signals a major institutional entry into the cryptocurrency trading sector, which could increase market liquidity, attract new retail and institutional investors, and potentially drive up trading volumes on major digital assets such as Bitcoin and Ethereum. Charles Schwab's entry is expected to enhance mainstream adoption and legitimacy of crypto trading in regulated environments, making it easier for U.S. traders to access digital assets directly through a trusted brokerage (source: Crypto Rover on Twitter, May 1, 2025).