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Charles Schwab plans to offer spot trading for Bitcoin and Ethereum, aiming to attract clients who want to consolidate crypto holdings with their traditional assets.<\/p>\n
Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster.<\/p>\n
In an interview with\u00a0CNBC\u00a0on Friday,\u00a0Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry\u2019s crypto ETP market. However, he noted that crypto still represents a relatively small portion of clients\u2019 total wealth, around $25 billion out of $10.8 trillion.<\/p>\n
\u201cWe anticipate launching Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) sometime soon so that our clients have access to that,\u201d he said. \u201cWe think that will be an acceleration of our growth.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n