2024

Bitcoin

Spot

<h4><strong>According to <a href="https://www.bloomberg.com/news/articles/2024-11-21/charles-schwab-eyes-spot-crypto-trading-once-regulations-change" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, Rick Wurster, Schwab’s current president, and incoming CEO, revealed the firm’s plans to offer spot crypto trading to its clients. </strong></h4>
<p>This move hinges on regulatory changes that are expected under the upcoming administration of pro-crypto President Donald Trump. Let’s discover more about this important news for crypto trading in Charles Schwab.</p>
<h5><strong>Expanding Beyond ETFs and Futures</strong></h5>
<p>Right now, Schwab offers crypto ETFs and futures, giving its clients a taste of the digital asset market. But the company is setting its sights on more. Wurster explained that Schwab wants to offer more direct ways to buy and sell crypto, like Bitcoin. Especially as traditional financial companies (“TradFi”) see success with crypto-linked products.</p>
<p>For example, U.S. spot <a href="https://www.altcoinbuzz.io/?s=Bitcoin+ETFs" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> have gained huge traction lately. With their total net asset value surpassing $100 billion. These ETFs have caught the eye of institutional investors, boosting confidence in crypto investments. Schwab’s plans could make it easier for everyday investors to jump on the bandwagon.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Charles Schwab, a $7 trillion asset management giant, is preparing to enter the spot crypto market under emerging regulations.</p>
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">𝐓𝐡𝐢𝐬 𝐦𝐨𝐯𝐞 𝐜𝐨𝐮𝐥𝐝 𝐛𝐫𝐢𝐧𝐠 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐚𝐧𝐝 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐯𝐚𝐥𝐢𝐝𝐚𝐭𝐞… <a href="https://t.co/lRHFsXt0Dj" rel="noopener noreferrer nofollow">pic.twitter.com/lRHFsXt0Dj</a></p>
 <p>— Giannis Andreou (@gandreou007) <a href="https://twitter.com/gandreou007/status/1859888299608842411?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h5><strong>Support for Crypto Without Personal Investment</strong></h5>
<p>While Rick Wurster will take the CEO role on January 1st, he told Bloomberg that he doesn’t plan to personally invest in crypto anytime soon. However, he emphasized his support for Schwab’s clients who want to explore the crypto market. His focus is on ensuring Schwab provides the tools and opportunities they need to navigate this growing space.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Charles Schwab, managing $7 trillion, says they’ll offer spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> and crypto ETFs “when regulations allow.”</p>
 <p>CEO admits he “feels silly” for not buying <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> and crypto. <a href="https://t.co/f8VFo6jQrO" rel="noopener noreferrer nofollow">pic.twitter.com/f8VFo6jQrO</a></p>
 <p>— TFTC (@TFTC21) <a href="https://twitter.com/TFTC21/status/1859739904550601074?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The timing couldn’t be better for Schwab’s crypto ambitions. The re-election of <a href="https://www.altcoinbuzz.io/?s=donald+trump" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a>, a pro-crypto Republican, has sparked renewed interest and optimism in the market. Coupled with a recent rally in Bitcoin and other digital assets, the industry is seeing a surge in positive sentiment.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/charles-schwab-prepares-for-spot-crypto-trading/" rel="noopener noreferrer nofollow">Charles Schwab Prepares for Spot Crypto Trading</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Charles Schwab Prepares for Spot Crypto Trading

Altcoin Buzz

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