Financial services company Charles Schwab is reportedly waiting for favorable terms to offer cryptocurrency trading to its customers.
This is what Charles Schwab’s new CEO, Rick Wurster, says the Texas-based company aims to offer cryptocurrency spot trading services once US regulations support digital assets, reports Bloomberg.
Says Wurster in a Bloomberg Radio interview:
“We will explore crypto as regulations change, and we expect that to change, and we are preparing for that eventuality.”
The US is expected to take a friendlier stance towards crypto once President-elect Donald Trump takes office. During his campaign, Trump promised to support the digital assets industry.
Schwab already offers crypto-focused exchange-traded funds (ETFs) and digital asset futures.
The company is considering adding spot trading for digital assets as financial services companies compete to roll out new product offerings to investors.
While Wurster says he isn’t looking for cryptocurrency exposure for the time being, he is doing so notes that he plans to support clients looking to invest in the digital asset space.
“Crypto has certainly caught the attention of many and they have made a lot of money from it. I didn’t buy crypto, and now I feel stupid.”
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