Charles Schwab, one of the world's largest asset managers, which previously had a distant stance towards Bitcoin and cryptocurrencies, has begun to change its stance in recent years.
At this point, Charles Schwab, which has $7.13 trillion under management, has given the green light to cryptocurrency trading.
Speaking to Bloomberg, Charles Schwab CEO Walt Bettinger said his company is ready to enter the cryptocurrency market and is open to offering crypto trading if regulations allow.
The CEO of Charles Schwab, the largest brokerage firm in the United States, stated that the company could start trading cryptocurrencies if there are changes to regulatory laws in the United States.
Stating that the regulations regarding cryptocurrencies are currently unclear, the famous CEO stated that the company can take action quickly if this uncertainty is resolved.
Experts said that if US-based Charles Schwab starts offering cryptocurrency services to its clients, it could mean an inflow of up to $10 billion into the cryptocurrency market.
*This is not investment advice.