Reported 2 days ago
Charles Schwab is set to introduce trading for bitcoin and ether, positioning itself as a dominant player in digital asset custody for U.S. retail investors, according to CEO Rick Wurster. Schwab clients currently hold significant crypto exposure, but many prefer to store their assets with Schwab rather than crypto-native platforms. Wurster anticipates that the launch will accelerate demand for direct crypto access and integrate digital assets alongside traditional investments. He confirmed that Schwab's platform would compete directly with Coinbase, highlighting the company's ambition to serve older and higher-net-worth clients.
Source: YAHOO