Charles Schwab open to crypto acquisitions if pricing makes sense, says CEO
Crypto Briefing
Charles Schwab's CEO indicated the firm is open to crypto acquisitions if valuations are attractive.Summary
Charles Schwab CEO Rick Wurster stated at the Reuters NEXT conference that the brokerage firm is actively seeking acquisitions to enhance client offerings, including potential deals in the cryptocurrency sector, provided the pricing is right. This openness comes as Schwab prepares to launch spot Bitcoin and Ethereum trading in the first half of 2026, following phased testing. Furthermore, the company is considering launching its own stablecoin, noting that clients already hold $25 billion in ETPs on Schwab and express a desire to consolidate their crypto assets there.
(Source：Crypto Briefing)