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Charles Schwab Is Exploring Crypto Brokerage Business: Report

Mary Liu

Summary: According to crypto media The Block, Charles Schwab (NYSE: SCHW), one of the largest financial services companies in the United States, is exploring to start the cryptocurrency brokerage business.  The source said that the service will be built on local crypto partner’s technology.  Public information shows that Charles Schwab is the third-largest asset management company ...

According to crypto media The Block, Charles Schwab (NYSE: SCHW), one of the largest financial services companies in the United States, is exploring to start the cryptocurrency brokerage business. 

The source said that the service will be built on local crypto partner’s technology. 

Public information shows that Charles Schwab is the third-largest asset management company in the world after BlackRock and Vanguard. As of October 31, 2020, it has 29.0 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.5 million banking accounts, and $5.9 trillion in client assets.

By Mary Liu

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