Charles Schwab plans to add support for cryptocurrencies – Bits Media

Charles Schwab, the largest investment brokerage firm in the USA, is ready to start working with cryptocurrencies, however awaits more regulatory clarity.

According to publication
The Street, CEO Charles Schwab Walt Bettinger (Walt Bettinger) announced the company's plans to enter cryptocurrency market after, How regulators will clarify the rules for the industry. He declared:

“We would like more normative clarity. If and when it happens, Schwab will become a player in this area as well, How was she a member of other investment capabilities. If Charles Schwab decides to participate in the work of the cryptocurrency market, We will be very competitive, revolutionary and focused on customers ".

Charles Schwab, founded in 1971 year, It controls almost 32 million accounts and assets worth more than $6 TRLN after acquiring his main competitor TD America for $22 billion in October last year. Recall, what's in september 2019 Charles Schwab rejected years
The ability to work with cryptocurrencies. However, last fall it became known, that Charles Schwab, Fidelity и Vanguard, diversify
their assets and buy shares of companies in the blockchain industry.

The company can well count on a more clear regulation of cryptocurrencies in the near future. Legislators
and representatives
regulators have repeatedly called for explanation of the rules for the industry. Community participants also have high hopes for Gary Gensler - the new chairman of the US Securities and Exchange Commission (SEC), which is known for its knowledge of the cryptocurrency industry and an understanding of the principles of technology.