During a recent earnings call, Charles Schwab CEO Rick Wurster reiterated that spot Bitcoin and Ethereum trading would be added to the popular brokerage platform "sometime soon."
The upcoming launch of cryptocurrency trading is expected to be a "meaningful" growth driver for the Westlake, Texas-headquartered financial services firm.
He revealed that some of Schwab's clients hold crypto at small crypto-native firms, but they want cryptocurrencies to sit alongside their other assets.
Wurster said that Schwab will continue to be an "innovative firm" that will not shy away from disruption.
Wurster also stressed that the digital asset platform is focused on educating its clients about the nascent asset class.
"Three buckets"
Wurster has divided crypto into three buckets: Bitcoin (the establishing crypto), valuable altcoins, and meme-oriented cryptocurrencies.
For now, Charles Schwab will be focusing on the first two categories, with Bitcoin and Ethereum being its first available options.
Stablecoins are also expected to be available on the platform following the introduction of the two main coins.
Vladislav Sopov
U.Today Editorial Team
