Share this article
Charles Schwab Wants to Directly Offer Crypto to Clients, Incoming CEO Says
Rick Wurster, who will step into the role of the CEO in the new year, said that the bank has been waiting on a change in the U.S.'s regulatory environment, which he expects to happen soon.
Updated Nov 21, 2024, 9:15 p.m. Published Nov 21, 2024, 9:12 p.m.
Financial services giant Charles Schwab has plans to directly offer crypto investments to its clients, president and incoming CEO Rick Wurster told Yahoo Finance in an interview on Thursday.
Wurster, who will step into the new role on Jan. 1, said that clients of the bank have already been very active in the crypto space through vehicles like exchange-traded funds (ETFs), futures and closed-end funds, and have done well with those.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
But the bank wants to take it a step further.
“We also would like to directly offer crypto,” he said. “We’ve been waiting on a change in the regulatory environment … and we’re confident that we think that will come in short order.”
In 2021, the bank said that when it decides to participate in the crypto market, it would be “highly competitive” and "disruptive.”
While it has so far taken a backseat in the adoption of crypto, it hasn’t been hostile towards the industry, either. Unlike Vanguard, for example, Schwab never blocked its clients from trading spot bitcoin ETFs after they hit the market at the beginning of this year.
The bank was also one of the main investors in crypto exchange EDX Markets which was launched in 2022 by a former senior executive at trading giant Citadel Securities.
In March of the same year, it also launched the Schwab Crypto Thematic Index (STCE), an ETF that tracks the performance of companies that could benefit from the development or utilization of cryptocurrencies.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
