EddieJayonCrypto

 19 Feb 25

tl;dr

Charles Schwab is creating a new executive position, head of digital assets, to oversee its crypto assets strategy. Joe Vietri, a former head of the branch network, will fill this role. The financial services giant, with $10.33 trillion in client assets, already provides exposure to crypto through r...

Charles Schwab is making a significant move in the cryptocurrency space by creating a new executive position, head of digital assets. The appointee, Joe Vietri, will lead the firm's crypto investment strategy, aiming to expand its offerings in this fast-growing market.


CEO Rick Wurster anticipates potential regulatory changes that could lead to Charles Schwab offering spot cryptocurrency trading in the US. This decision comes as the company sees a surge in customer interest, with a 400% increase in visitors to its crypto site during the fourth quarter of last year.

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