Charles Swap Hints at Supporting Spot Cryptocurrency Trading… Aiming to Launch Within 12 Months

Charles Schwab, a major American financial services company, has hinted at the possibility of supporting cryptocurrency trading.
On the 20th (local time), The Block reported that Charles Schwab CEO Rick Wurster
"We expect to launch support for spot cryptocurrency trading within the next 12 months," Rick Wurster, chief executive officer of the company, said in a recent earnings call.
Wurster explained that the service is being prepared as changes in the cryptocurrency regulatory environment become more visible, saying, "As the regulatory environment changes,
"We hope to be able to offer spot cryptocurrency trading directly. Our goal is to achieve this within the next 12 months."
Charles Swap has helped investors rebalance their portfolios amid market volatility this quarter.
Worster said some of these investors have shown interest in cryptocurrencies and are following the company's cryptocurrency site.
According to a survey released by Charles Swap in October last year, millennials are more likely to invest in bonds, foreign stocks, and other assets.
The company also announced that it will be launching a cryptocurrency exchange-traded fund (ETF) alongside Citadel and Fidelity.
Having previously backed XMarkets, EDX recently entered into a strategic partnership with digital asset custody firm BitGo.