Charles Schwab is set to begin spot Bitcoin and Ethereum trading

Crypto spot trading volume across major CEXs versus the price of Bitcoin.

Bitcoins price increased significantly in Q2, reaching 25% gain. This was due to inflows into Bitcoin funds and more companies using it. This is a big change from the 12% drop in Q1. However, Bitcoin dominance, at the same time, dropped by 4.36% over the past week to 61.84%.

Meanwhile, Ether spot Ethereum exchange-traded funds saw their most significant daily net inflow on Wednesday, totaling $726.74 million. The inflows were led by $499 million into BlackRocks ETHA, with eight out of nine ether funds reporting positive daily flows.

Following the news today, Charles Schwab will join the London-based international banking group Standard Chartered, which launched a US dollar-paired Bitcoin and Ether spot trading service for institutional clients this week, including corporates, investors, and asset managers.

Charles Schwab benefited from Trumps tariffs

Charles Schwab also revealed today that it benefited from a surge in trading activity around President Trumps tariffs. The brokerages profits rose 60% in the quarter compared to a year ago.

Also, late-quarter market bounce not only increased the amount of money that brokerages managed, but it also allowed companies like Schwab to charge higher fees.

Schwab posted adjusted earnings per share of $1.14 while total client assets climbed 14% to $10.76 trillion. According to a statement, this is in comparison to the same period last year. Revenue from client trades also jumped 23% to $952 million.

For the three months ending June 30, Charles Schwab made $2.13 billion, or $1.08 per share. This is in comparison to the $1.33 billion, or 66 cents per share, in the year-ago quarter. Daily average revenue trades just barely beat analysts expectations at 7.57 million.

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