Charles Schwab plans to enter the spot crypto market once U.S. regulations provide clearer pathways, incoming CEO Rick Wurster said Thursday.

Wurster emphasized the firm’s readiness to expand its offerings to clients once regulatory conditions improve, he said during an interview with Bloomberg Radio.

“We will get into spot crypto when the regulatory environment changes,” Wurster said, who is set to take over as CEO in January. He added that the firm anticipates favorable changes under the incoming Donald Trump administration.

Schwab, already active in the crypto space via exchange-traded funds and futures, aims to bolster its offerings amid a renewed craze this year for digital assets.

The firm faces increasing competition from newer platforms like Robinhood Markets, which has rapidly gained traction among retail investors.

Crypto has become a focal point in the race to capture retail investor interest, driven by its volatility and growth potential. An October Go to Source to See Full Article
Author: Sebastian Sinclair