Charles Schwab pushes for Bitcoin and Ethereum spot trading... Also considering stablecoin issuance
Suehyeon Lee
Summary
- Charles Schwab announced it is preparing spot trading services for Bitcoin (BTC) and Ethereum (ETH).
- CEO Rick Wurster stated that the move is part of the company's policy to expand its digital asset sector.
- Charles Schwab also revealed it is reviewing stablecoin issuance, and is focusing on its potential role in blockchain transactions.
US securities brokerage Charles Schwab is pushing ahead with plans to launch spot trading services for Bitcoin (BTC) and Ethereum (ETH).
According to Bloomberg on the 18th (local time), Charles Schwab CEO Rick Wurster stated at the Q2 earnings announcement, "As part of our expansion into the digital asset (cryptocurrency) sector, we are preparing spot trading for Bitcoin and Ethereum."
Furthermore, Charles Schwab is also reviewing the issuance of a stablecoin. CEO Wurster added, "We are considering various options, including issuance through a bank consortium or independently," and emphasized, "Stablecoins are likely to play an important role in blockchain transactions, and we will provide such offerings."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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