Cryptocurrency

Bitcoin

Dubai

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/charles-schwab-and-ripple-generate-excitement-in-the-cryptocurrency-sector/" data-wpel-link="internal">Charles Schwab and Ripple Generate Excitement in the Cryptocurrency Sector</a><br></p>
<p style="text-align: justify"><strong>Bitcoin price</strong> remains above $63,500, but weakness persists. In the last hour, significant developments emerged from Ripple and Charles Schwab, promising more excitement for the <a href="https://en.coin-turk.com/reasons-behind-the-cryptocurrency-market-downturn/" data-wpel-link="internal">cryptocurrency</a> industry. What is happening?</p> 
<h2 style="text-align: justify" id="charles-schwab-s-intentions">Charles Schwab’s Intentions</h2> 
<p style="text-align: justify">Charles Schwab, one of the largest asset managers globally with $8.5 trillion in client assets, announced its intention to offer cryptocurrency services if regulatory hurdles are cleared. According to a report shared by Bloomberg, this indicates that the financial giant may launch cryptocurrency products, following the lead of other firms. The market value of this U.S.-based financial powerhouse is over $117 billion.</p> 
<h2 style="text-align: justify" id="ripple-s-regulatory-clarity">Ripple’s Regulatory Clarity</h2> 
<p style="text-align: justify">If this U.S.-based giant begins providing cryptocurrency services to its clients, it could lead to an influx of up to $10 billion into <a href="https://en.coin-turk.com/expert-analyst-rager-shares-bitcoin-and-ethereum-price-predictions/" data-wpel-link="internal">cryptocurrencies</a>. Additionally, further messages regarding regulatory clarity came from Ripple. The deadline for the <a href="https://en.coin-turk.com/exploring-the-impact-of-stagflation-on-bitcoin-prices/" data-wpel-link="internal">SEC</a>‘s appeal is set for October 7, and Ripple has faced significant pressure from regulators over the years. While preparing this article, Ripple CEO Brad Garlinghouse noted:</p> 
<blockquote> 
 <p>“Regulatory clarity is what businesses want and what customers need. The UAE understands this very well.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-393332 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/ripple-haberleri.png" alt="" width="677" height="323"></p> 
<p style="text-align: justify">For a long time, there has been speculation that companies like Ripple might relocate to countries with a more crypto-friendly stance, such as the UAE or Qatar. Ripple’s announcement today, following its successful preliminary approval for a service license from the Dubai Financial Services Authority, signals that the possibility of relocation remains on the table.</p> 
<p>The post <a href="https://en.coin-turk.com/charles-schwab-and-ripple-generate-excitement-in-the-cryptocurrency-sector/" data-wpel-link="internal">Charles Schwab and Ripple Generate Excitement in the Cryptocurrency Sector</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Charles Schwab and Ripple Generate Excitement in the Cryptocurrency Sector

Table of Contents

COINTURK NEWS

Other articles published on Oct 1, 2024

Meet Wisdom Nwokocha, the word maven using technical content to help global companies scale

Top Altcoins To Buy This October Rally!

Ripple receives in-principle license approval in Dubai

Synthetix activist investor ‘overhaul’ gathers 99% approval from SNX holders

Flockerz raises $330K in presale, features vote-to-earn DAO and staking

Solana Outpaces ETH, BTC Gains: Where Will SOL Price Go Next?

Join our free newsletter for daily crypto updates!