Charles Schwab just flipped the switch and opened up direct crypto trading to pretty much all their US retail clients fr. This comes super quick after they teased adding SOL LINK and AVAX to the lineup only a couple months back.
Schwab Goes Full Crypto Mode For Everyone 🖤
The whole platform lets investors hold and trade those digital assets right next to their stocks and bonds like it’s nbd. Schwab Premier Bank handles the custody while Paxos takes care of execution and sub custody. Keep in mind tho crypto holdings skip out on SIPC protection unlike regular securities lol. Their client assets sit at around 12 trillion dollars so this move screams major retail adoption vibes 🔮. It follows right after that late August expansion beyond just BTC and ETH too.
Deutsche Bank Preps Big Institutional Custody Moves 🚀
Meanwhile Deutsche Bank is gearing up to launch their own digital asset custody service in Germany within weeks targeting institutions first with BTC and ETH before adding stablecoins later 📈. They got plans for tokenized deposits and blockchain based securities like digital bonds on the horizon as well. Gerald Podobnik the co head dropped this gem “I believe that as the financial system we will need to offer tokenized or blockchain solutions to our clients as additional services alongside our traditional ones but not necessarily to replace what we are doing today” 🦇. The bank aims to spread this push into major Asian hubs next year chasing that digital economy growth hard ✨. Check the Schwab details here and the Deutsche Bank scoop there 💀🕸️🌑
Just another echo from the void by iconofsin.eth 💖
