Editor's PiCK
Charles Schwab to support spot virtual asset trading in the first half of next year
Summary
- Charles Schwab said it plans to start spot virtual asset (cryptocurrency) trading services in the first half of next year.
- Charles Schwab currently holds about 20% of the overall virtual asset exchange-traded product (ETP) market.
- Charles Schwab is reportedly also keeping open the possibility of digitizing other asset classes through tokenization.
The large U.S. brokerage Charles Schwab (Charles Schwab) plans to launch spot virtual asset (cryptocurrency) trading services in the first half of next year.
On the 16th (local time), according to the foreign news outlet Walter Bloomberg, Charles Schwab has already completed related regulatory procedures and will conduct a pilot operation ahead of the official launch. It plans to expand the service step by step thereafter. It was also reported that the firm is keeping open the possibility of digitizing other asset classes through tokenization.
Currently Charles Schwab holds about 20% of the overall virtual asset exchange-traded product (ETP) market, and is reportedly putting in place a structure that can maintain profitability while achieving price competitiveness.
Doohyun Hwang
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