According to Foresight News, Nate Geraci, President of The ETF Store, shared on X that Schwab CEO Rick Wurster expects to introduce direct spot cryptocurrency trading within the next 12 months. This move is anticipated to become a strategic focus for major brokerage firms.
Rick Wurster indicated that Schwab is progressing steadily towards offering direct spot cryptocurrency trading, in line with evolving regulatory conditions. However, he cautioned that due to the volatility of cryptocurrency prices and the potential for the total value of crypto investments to vanish, investors who are unable to withstand significant risk and market fluctuations might choose to avoid such investments.