Charles Schwab's president Rick Wurster announced plans to offer direct crypto investments, anticipating regulatory changes and building on existing client interest in crypto assets.
Wurster emphasized that Schwab clients have actively engaged in crypto through ETFs and futures, doing well, but now the bank aims to provide direct access.
Schwab has been positioning itself to be competitive in the crypto market, emphasizing a desire to disrupt and not block client access, marking a strategic evolution.
The bank's involvement in crypto, including investments in platforms like EDX Markets and the launch of the Schwab Crypto Thematic Index, demonstrates a proactive approach towards this evolving market.
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