🔥 Schwab Eyes Crypto Trading—Bitcoin & ETH Access Coming Af
Monnie Brunt OkvK
Updated at: 5 hours ago
{"content":"🔥 Schwab Eyes Crypto Trading—Bitcoin & ETH Access Coming After GENIUS Act! 🪙📈
Charles Schwab CEO Rick Wurster stated customers would trade Bitcoin and Ethereum.
The company competes with Coinbase, where customers buy BTC.
The GENIUS bill was signed by President Donald Trump, advancing crypto regulation.
In an interview on Friday, Charles Schwab CEO Rick Wurster stated the business would start Bitcoin (BTC) and Ethereum (ETH) trading to compete with Coinbase. Trump signed the GENIUS bill into law, establishing the first US crypto law.
Charles Schwab announces Bitcoin and Ethereum trading after Crypto Week.
CEO Rick Wurster told CNBC on Friday that Charles Schwab may provide Bitcoin and Ethereum trading if customer demand rises.
Wurster said the $10 trillion asset management would launch the products "sometime soon," adding that many customers want to transfer their crypto assets on the platform.
"What we hear from many of our clients are that they have 98% of their wealth here at Schwab, and they might hold a percent or 2% at some digital native firm to hold their crypto, and they really want to bring it back to Schwab because they trust us," Wurster said.
He said the company's customers own over 20% of digital asset ETFs, or $25 billion, or 0.2% of its $10.8 trillion assets under management.
Wurster expects the startup to compete with Coinbase for spot market share with Bitcoin and Ethereum trading. "If they're buying their crypto on Coinbase, we'd love to see them bring it back to Schwab," he added.
Crypto community enthusiasts celebrate President Trump's signing of the GENIUS bill on Friday, concluding the House's Crypto Week, which approved three crypto bills.
GENIUS wants to regulate US stablecoin issuers by creating AML laws and guaranteeing assets are completely backed by the US Dollar. The House approved the law on Thursday, together with the CLARITY and Anti-CBDC legislation, which will be debated in the Senate.
#GENIUSAct #BTCWhaleTracker #BTC #AltcoinSeasonLoading $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/19/493da3a3848b4613aec4da363f57312d.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}