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Charles Schwab Plans to Make Crypto Available to Its Clients

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Fri, 04/23/2021 - 05:05
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Alex Dovbnya
Charles Schwab wants to be a player in the cryptocurrency space
Charles Schwab Plans to Make Crypto Available to Its Clients
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American brokerage firm Charles Schwab is planning to make a foray into crypto, but it's waiting for regulatory clarity, according to CEO Walt Bettinger: 

We would like to see more regulatory clarity. And if and when that comes, you should expect Schwab to be a player in that space in the same way it has been a player in other investment opportunities across the spectrum.  

Bettinger claims that his company will be “highly competitive” and “disruptive” when it finally makes crypto available for its users:

If Charles Schwab, the company, decides to participate in the crypto market, we will be highly competitive, we will be disruptive, and we will be client-oriented.

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Founded in 1971, Charles Schwab boasts nearly 32 million accounts and over $6 trillion worth of assets under management after acquiring TD Ameritrade, its major competitor, for $22 billion in October.           

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.