Schwab Launches 24/7 Crypto Futures, Integrated Custody Attracts RIAs
Summary
Charles Schwab has expanded its digital asset offerings by launching 24/7 cryptocurrency futures trading on its thinkorswim platform. The firm is also successfully attracting Registered Investment Advisors (RIAs) to its integrated custody platform, which combines crypto and traditional wealth services. This move follows Schwab's earlier intention to offer direct crypto custody and demonstrates continued execution on its strategy to capture market share in the digital asset space, enhancing its competitive position against rivals.
At the time of this announcement, SCHW was trading at $87.54 on NYSE in the Finance sector, with a market capitalization of approximately $152.4B. The 52-week trading range was $83.96 to $107.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.