Attention, people! 🗣️ A GIGANTIC move is coming in the world of finance. None other than Charles Schwab, that heavyweight in financial services, is about to dive headfirst into the cryptocurrency scene. Yes, you heard right! Soon you could be buying and selling Bitcoin (BTC) and Ethereum (ETH) directly from your account with them. 💰
The one and only CEO of Charles Schwab, Rick Wurster, spilled the beans in an interview with CNBC. It turns out that their clients already hold a huge amount of crypto, more than 20% of all the cryptocurrencies traded on exchanges in the industry! 🤯 Although it only represents a small part of their fortune (around 25 billion dollars of the 10.8 trillion they manage 🤯), it is a clear sign that people want their cryptos safe and close to their other savings.
Wurster explained that many of his clients have 98% of their wealth with Schwab and a little bit, say 1% or 2%, in some crypto platform. And what do you think? They want to bring it all to Schwab because they trust them! 💪 They want to have their digital assets alongside traditional ones, in one place. This, according to the CEO, will bring them impressive growth.
And the million-dollar question, are they going to compete with Coinbase? Wurster's answer was a resounding: "Absolutely!" 💥 So get ready because the competition is going to get good. This means more options and hopefully better conditions for all of us who are involved in the crypto world or thinking about entering.
This is a move that could change the game, making cryptocurrencies much more accessible to millions of people. Stay tuned, because the future of finance continues to evolve by leaps and bounds! 🚀$ETH $BTC
