Walt Bettinger, CEO of Charles Schwab, one of the world’s largest financial services companies, cryptocurrency He stated that it is difficult to ignore the units and they have a very important place today. Schwab also added that for companies, there is an enormous void that needs to be filled in the crypto space.
Today, we have many ways in which clients can invest in crypto. What we do not offer is direct trading. If the opportunity presents itself from a regulatory perspective, we welcome the opportunity.
said.
While regulatory activities in the US have made significant progress in recent years, some of the world’s largest financial companies are stalled by regulatory sanctions.
Providing services in a wide range of fields from banking and investment services to wealth management consultancy, Charles Schwab is among the world’s largest financial services companies with over $7.5 trillion in management and approximately $11.69 billion in revenue, according to the 2020 quarterly report. Bettinger, the CEO of such a valuable company, said:For a firm like ours, there is a tremendous void in the crypto space today.” said. But he also pointed out that crypto transaction costs are “extremely high.”
Bettinger’s thoughts on crypto were previously voiced by Marathon Digital Holdings and the world’s largest asset manager BlackRock.
BlackRock CEO Larry Fink also said in October that there were “big opportunities” in cryptocurrencies and that Bitcoin would “help consumers around the world.” However, Fink did not express an opinion on where crypto assets will be in the long term.