Charles Schwab plans to launch spot cryptocurrency trading within the next 12 months, indicating a significant shift toward digital assets and institutional acceptance in the investment industry.
This move may boost institutional adoption as Schwab's direct trading approach could attract capital from its 36 million clients, aligning it with other competitive brokers.
The decision may reshape industry dynamics and enhance financial instruments, contingent on a favorable regulatory environment, emphasizing growing interest in cryptocurrencies.
Bitcoin's robust trading activity underscores the rising institutional interest, marking Schwab's entry as a pivotal moment for digital asset investments.
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