Finance
Charles Schwab Eyes Spot Crypto Trading Once Regulations Change
Competition for retail investors’ dollars has intensified since the pandemic and even more so since the US presidential election.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Charles Schwab Corp.’s incoming chief executive officer, Rick Wurster, said the firm is looking to offer spot cryptocurrency trading once US regulations make doing so easier — something that’s more likely once President-elect Donald Trump takes office.
“We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change, and we’re getting ready for that eventuality,” Wurster, currently Schwab’s president, said in a Bloomberg Radio interview Thursday.