1 hours ago
The CEO of financial services giant Charles Schwab says the firm is looking into launching a spot crypto trading platform for clients within the next year. In the company’s Q1 earnings call, CEO Rick Wurster says he believes that Charles Schwab is a “great destination” for investors interested in crypto, and there’s an obvious new wave of interest in the asset class. “And we’ve seen that in the level of new account growth and the level of engagement in our crypto site, where we saw a 400% increase in traffic to it recently, 70% of whom were prospects and what that – were not clients. And what that says to us is that as people in the industry are thinking about crypto, they’d love to work with a trusted brand and a firm that can bring them a lot of capabilities, and we’re that firm. So as we roll out more and more new capabilities, we’re confident we will be a great destination for investors interested in crypto.” Charles Schwab, which manages $9.93 trillion in total client assets, is now looking to roll out a new spot crypto trading service by 2026, according to Wurster. “Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that. So we’re excited about meeting our clients’ crypto needs, we believe we are doing a lot of that today but we’ll also add capabilities in the near term.” Barron’s recently reported that Charles Schwab created a new executive position, “head of digital assets,” which will be responsible for the firm’s overall crypto assets strategy. Joe Vietri, a former head of the branch network at the financial services giant, will serve as the inaugural head of digital assets. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Charles Schwab CEO Says Firm Looking To Launch Spot Crypto Trading Within 12 Months appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Trading Charles Schwab News TradFi trading
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Economist Alex Krüger Says US Committing ‘Economic Suicide’ Forcing American Assets Downward
![A closely followed economist says US President Donald Trump is plunging the country into one of the most significant periods of economic turmoil in recent history. Alex Krüger tells his 209,200 followers on the social media platform X that Trump’s tariff policies are causing a massive selloff of US assets. “The US is trying to commit economic suicide and everyone is dumping US assets in response. The tarifacrash is the second most insane financial event in modern history (coronacrash was the first).” Source: Alex Krüger/X He warns that Trump needs to reverse course on the tariffs – otherwise, an economic recession is highly likely. “If Trump does not greatly reduce tariffs [there are] high odds the US goes into a serious recession [and then there are] high odds Dems win midterms by a landslide [creating] high odds they impeach Trump, roll tariffs back and plunge the US towards socialism. It is in everyone’s interest to reach an agreement.” Krüger also says that Bitcoin ( BTC ) may be decoupling from the stock market as the flagship crypto asset is breaking out at the start of the week while stocks are plummeting. “I’m open to the possibility that it may be finally happening. Bitcoin taking on its final form. Either that or somebody is levering up on longs for some other reason.” The analyst recently laid out some possible economic scenarios in the coming months, one that includes a BTC rally to the $92,000 level. “Time to use my crystal ball. Scenario 1: 10% tariffs for most plus deal with China by early July. Markets rip. Scenario 2: high tariffs with Europe and China remain in place. Can use 2022 or 2008 as templates. Markets now coming out of June 2022 or October 2008. Bounce, then pain and lower lows a few months out. Particularly so as the economy starts rolling over and recession hits. Scenario 3: a roller coaster somewhere in between. I’m betting on a BTC bounce since last week. Think once $88,000 breaks, we see $92,000 fast. That would be an ideal place to get out and re-evaluate.” Bitcoin is trading for $88,062 at time of writing, up 4.3% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Economist Alex Krüger Says US Committing ‘Economic Suicide’ Forcing American Assets Downward appeared first on The Daily Hodl .](/image/6806a3c95fae7.jpg)
A closely followed economist says US President Donald Trump is plunging the country into one of the most significant periods of economic turmoil in recent history. Alex Krüger tells his 209,200 followers on the social media platform X that Trump’s tariff policies are causing a massive selloff of US assets. “The US is trying to commit economic suicide and everyone is dumping US assets in response. The tarifacrash is the second most insane financial event in modern history (coronacrash was the first).” Source: Alex Krüger/X He warns that Trump needs to reverse course on the tariffs – otherwise, an economic recession is highly likely. “If Trump does not greatly reduce tariffs [there are] high odds the US goes into a serious recession [and then there are] high odds Dems win midterms by a landslide [creating] high odds they impeach Trump, roll tariffs back and plunge the US towards socialism. It is in everyone’s interest to reach an agreement.” Krüger also says that Bitcoin ( BTC ) may be decoupling from the stock market as the flagship crypto asset is breaking out at the start of the week while stocks are plummeting. “I’m open to the possibility that it may be finally happening. Bitcoin taking on its final form. Either that or somebody is levering up on longs for some other reason.” The analyst recently laid out some possible economic scenarios in the coming months, one that includes a BTC rally to the $92,000 level. “Time to use my crystal ball. Scenario 1: 10% tariffs for most plus deal with China by early July. Markets rip. Scenario 2: high tariffs with Europe and China remain in place. Can use 2022 or 2008 as templates. Markets now coming out of June 2022 or October 2008. Bounce, then pain and lower lows a few months out. Particularly so as the economy starts rolling over and recession hits. Scenario 3: a roller coaster somewhere in between. I’m betting on a BTC bounce since last week. Think once $88,000 breaks, we see $92,000 fast. That would be an ideal place to get out and re-evaluate.” Bitcoin is trading for $88,062 at time of writing, up 4.3% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Economist Alex Krüger Says US Committing ‘Economic Suicide’ Forcing American Assets Downward appeared first on The Daily Hodl . The Daily Hodl
Analysts Anticipate New ETF Approvals for Bitcoin and Other Cryptocurrencies Under Incoming SEC Chair Paul Atkins
The landscape of cryptocurrency exchange-traded funds (ETFs) is on the brink of significant change as anticipation builds for new SEC approvals. With the recent appointment of Paul Atkins as the The Daily Hodl
