Why Charles Schwab Finally Decided to Enter Spot Crypto Market?

Quick Summary:

Investment giant Charles Schwab finally announced its entry into the spot crypto market citing improvements in the regulatory environment and growing optimism in the Donald Trump administration.

Rick Wurster, the incoming CEO of the firm, stated that they are looking to offer spot crypto trading services as regulatory conditions become friendlier.

Furthermore, Wurster shed light on how Charles Schwab’s wealth management business is leveraging AI to their benefit.“It used to be that 60,000 times a month, we would have a phone rep spend more than three minutes searching for a piece of information to answer a client question.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Crypto Market Securities and Exchange Commission Donald trump Gary Gensler 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 10:18:34 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23763093

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

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