According to several sources, Charles Schwab, a multinational financial service company in the United States, announced plans to start a SPOT Cryptocurrency transaction next year.
The announcement announced by Rick Wurster’s recent import phone shows that traditional financial companies are trying to explore the encryption sector.
Breaking 🚨
$ 7.13T Asset Manager Charles Schwab, start the SPOT CRYPTO transaction within 12 months. pic.twitter.com/K7G4LLQ4A4
-Quinten | 048.ETH (@quintenfrancois) May 1, 2025
Charles schwab enters the encryption space
Wurster said, “In a regularly changing environment, we hope to be hopeful and launch direct spot crypto (trade).
His opinion comes after Schwab’s amazing performance, including a 40% increase in quarterly profits.
This decision places Schwab among the big institutions in a hurry to integrate cryptocurrency into operation. A few weeks ago, Morgan Stanley announced plans to introduce the SPOT Crypto Trading through the E*trade platform by 2026.
Under Donald Trump’s pro -crypto administration, Wall Street is preparing a future with digital assets along with shares and bonds of everyday investment portfolio.
The recent measures of SEC, Federal Reserve, FDIC and OCC have made it easier for banks to participate in cryptocurrency to alleviate the burden of encryption innovation.
At one time, the rules that were once discouraged so that the institution would not have digital assets is now rolling back.
Wurster also has recently increased traffic to Schwab’s Crypto Portal, and 70% of visitors have become potential new customers. “Investors are looking for diversification,” he said. “Encryption is becoming part of the dialogue,” he said.
Also read: Coinbase announces a roadmap for the WorldCoin (WLD) list.
