Charles Schwab to Introduce Spot Crypto Trading; Here’s When — TradingView News
Charles Schwab CEO Rick Wurster has stated that the prominent financial services company is aiming to launch direct cryptocurrency spot trading within the next 12 months.
Wurster claims that this will be possible due to the changing regulatory environment in the U.S.
Millions of Schwab clients would be able to purchase crypto directly with their brokerage account.
Last year, he revealed that Charles Schwab was intending to offer crypto directly to clients, but the timeline was unclear. Back then, ETF analyst Nate Geraci commented that he could not overstate how big of a deal this would be. It is worth noting that Charles Schwab boasts more than $7 trillion worth of assets under management.
As reported by U.Today, Walt Bettinger, the…
