Charles Schwab is reportedly planning to launch crypto spot trading and custody services for its registered investment advisor (RIA) clients by 2027. This move signals a significant expansion of traditional finance into digital assets, directly challenging established crypto custodians like Coinbase Prime, BitGo, and Anchorage. The entry of a major financial institution like Schwab could accelerate institutional adoption of crypto, but also intensify competition and potentially compress margins for existing players. Investors should monitor Schwab's progress and its impact on Coinbase's institutional revenue streams, as well as broader market liquidity and pricing for institutional-grade services.
Schwab's 2027 crypto entry for advisors validates digital assets as a mainstream investment class. This will increase institutional access and competition, potentially driving down fees and expanding market liquidity for Bitcoin and Ethereum.
This story reveals the accelerating convergence of traditional finance and crypto, driven by institutional demand. Major players like Schwab are now directly competing, signaling a shift from niche to mainstream adoption and likely compressing margins for incumbents.
Schwab plans 2027 launch of advisor crypto spot trading and custody, pressuring Coinbase Prime, BitGo, and Anchorage. The post Coinbase Prime Has 18 Months Before Schwab Comes for Its Advisor Book appeared first on BeInCrypto.