Wurster even more exposed that Charles Schwab prepares for introducing Bitcoin and Ether trading in the future to much better serve their customers’ requirements. He revealed self-confidence that this offering might substantially speed up the business’s development trajectory.
According to Wurster, the choice to introduce these trading choices is driven by customer need. He said, “Many of our clients have 98% of their wealth at Schwab but might hold 1% or 2% at digital-native firms for their crypto. They prefer to consolidate their assets with us, as they trust our institution.” This belief, he thinks, will move development once these trading choices are readily available.
When questioned about direct competitors with Coinbase, Wurster verified, “It absolutely would. If they are purchasing their crypto at Coinbase, we would welcome them to bring their crypto back to Schwab.”
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