Charles Schwab "makes a big bet" on Crypto: A golden sign for the market!

The cryptocurrency market is receiving a very strong boost from traditional finance as #CharlesSchwab , one of the largest asset management firms in the world, announces plans to expand its crypto activities after President Trump signed the #GENIUS Act. This is great news, signaling the increasing acceptance and integration of cryptocurrency into the mainstream financial system.

Currently, Schwab's customers hold over 20% of the total crypto ETF volume in the market, equivalent to approximately 25 billion USD. This number, while still small compared to the total assets managed by Schwab (over 10.8 trillion USD), is enough for Schwab to see the enormous potential.

CEO Charles Schwab believes that the implementation of direct trading in Bitcoin and Ethereum will be a massive growth driver. Many customers are currently holding crypto on other platforms like Coinbase and wish to transfer to Schwab for more centralized and convenient asset management. With its reputation and scale (being one of the top 3 brokerage firms in the U.S. and top 5 globally), Schwab is sure to attract a large number of new users, pushing the crypto market further into the mainstream.