Charles Schwab's Incoming CEO Plans Spot Crypto Trading and ETFs

Nov 21, 2024, 09:11 PM

Charles Schwab Corp., a financial services giant with assets under management of $7 trillion to $9 trillion, is poised to enter the spot cryptocurrency market. The incoming CEO, Rick Wurster, has announced plans to offer spot cryptocurrency trading and ETFs once U.S. regulations become more favorable. This move comes as part of Schwab's strategy to adapt to the evolving regulatory landscape, particularly with expectations of regulatory changes under the incoming Trump administration. Schwab's CEO, Rick Wurster, admitted on Bloomberg Radio that he 'feels silly' for not buying crypto earlier.