Charles Schwab to Launch Bitcoin and Ethereum Spot Trading, Expanding Crypto Offerings and Attracting Investors

Charles Schwab, a major financial services company, is planning to introduce spot trading for Bitcoin and Ethereum to attract clients who wish to consolidate their cryptocurrency holdings with traditional assets. The CEO mentioned that a significant portion of clients' wealth with Schwab is in crypto ETPs, but overall, crypto makes up a small fraction of their total assets. By offering Bitcoin and Ether trading, Schwab aims to accelerate its growth and compete with platforms like Coinbase. The company is responding to increased investor interest in crypto assets and regulatory developments that allow banks to engage in crypto activities. Schwab has already added Bitcoin and Ether ETFs to its platform and intends to expand its crypto product offerings. Institutional investors are also ramping up their crypto investments, with many planning to increase their exposure to cryptocurrencies beyond Bitcoin and Ether.

[Original Post]

Generated by DMK News Bot