Charles Schwab Plans to Make Crypto Available to Its Clients
Charles Schwab wants to be a player in the cryptocurrency space
American brokerage firm Charles Schwab is planning to make a foray into crypto, but it’s waiting for regulatory clarity, according to CEO Walt Bettinger:
We would like to see more regulatory clarity. And if and when that comes, you should expect Schwab to be a player in that space in the same way it has been a player in other investment opportunities across the spectrum.
Bettinger claims that his company will be “highly competitive” and “disruptive” when it finally makes crypto available for its users:
If Charles Schwab, the company, decides to participate in the crypto market, we will be highly competitive, we will be disruptive, and we will be client-oriented.
Founded in 1971, Charles Schwab boasts nearly 32 million accounts and over $6 trillion worth of assets under management after acquiring TD Ameritrade, its major competitor, for $22 billion in October.