Charles Schwab CEO Sees Crypto as a New Revenue Engine

Summary

Charles Schwab completed its Oct. 15 rollout of direct bitcoin and ether trading to eligible retail clients and is positioning crypto as a new source of transaction-based revenue. CEO Rick Wurster said Schwab is introducing crypto transfers and plans to add solana, avalanche, and chainlink by the end of 2026. The rollout followed an early-access program that began in May; Schwab oversees $13.33 trillion and has 40.3 million active brokerage accounts.

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