Charles Schwab plans to launch a cryptocurrency trading platform as early as next year, signaling increasing mainstream adoption of digital currencies.
Increased customer demand has prompted Schwab to expand its offerings beyond digital currency assets like Bitcoin futures and crypto ETFs.
The move comes as the US regulatory outlook for cryptocurrencies appears to be improving, with Schwab anticipating easier access for customers to trade in cryptocurrencies.
Schwab's entry into the cryptocurrency market would position the brokerage firm as a strong competitor to established exchanges, potentially leading to greater variety and standards of service for investors.