Charles Schwab CEO says spot crypto trading will 'likely' launch within 12 months
Powered by @unfolded- Charles Schwab CEO Rick Wurster announced the firm aims to launch support for spot crypto trading within the next 12 months, citing a changing regulatory environment.
- The company has seen a significant increase in client interest in crypto, with a 400% surge in traffic to its crypto site, 70% of which comes from potential new clients.
- Schwab reported a 40% increase in quarterly profits, indicating investor interest in diversifying portfolios amid market volatility.
- A previous study by Schwab found Millennials show the highest interest in cryptocurrency ETFs compared to other asset classes.