American financial services giant Charles Schwab said that the company is preparing to enter the cryptocurrency industry and provide cryptocurrency spot trading services directly to customers. It also expects that the regulatory environment in the United States will improve after Trump takes office in the future. Paving the way for the company’s cryptocurrency layout.
Rick Wurster, incoming CEO of Charles Schwab, said in an interview with (Bloomberg) last Thursday:
When the regulatory environment changes, we will officially enter the cryptocurrency spot market. We are confident that this day is coming and we are fully prepared for it.
Rick Wurster, currently president of Charles Schwab, will officially take over as CEO on New Year's Day next year.
Rick Wurster pointed out that Charles Schwab customers have already been able to participate in the cryptocurrency market through investment vehicles such as ETFs, futures and closed-end funds, and have achieved good returns, but the company still hopes to provide cryptocurrency investment options directly to customers. He added:
Cryptocurrency has indeed attracted the attention of many people, and many investors have made a lot of money through it. However, I haven’t bought cryptocurrencies myself yet, and looking back now, I do regret it.
Although Rick Wurster said he has no intention of making personal cryptocurrency investments in the short term, he is quite happy to see Charles Schwab clients explore cryptocurrencies.
As early as 2021, Charles Schwab said that once it decided to participate in the cryptocurrency market, the company's approach would be "extremely competitive" and "disruptive."
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"Charles Schwab is launching cryptocurrency spot trading!" New CEO reveals: I regret not buying the currency yet. This article was first published in "Crypto City"