Charles Schwab, a $7.13 trillion asset management firm, is planning to enter the cryptocurrency market once regulatory clarity is secured. The firm's incoming CEO, Rick Wurster, stated that their plan is to offer crypto directly to the market in a way that eliminates the spread and commissions on digital currency trading, aiming to offer clients a better deal. While it is unclear how Charles Schwab plans to do this, the company is closely monitoring trends and client demand for crypto-related products. The move by Charles Schwab is seen as a significant development in the crypto industry, as other asset management firms are also beginning to offer crypto to their clients. It is suggested that Charles Schwab might consider entering the spot Bitcoin ETF niche, as options products have recently been approved for offering.



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