US Financial Service giant Charles Schwab is preparing to enter the Crypto Assets industry, directly providing customers with Cryptocurrency Spot trading services, and expects the regulatory environment in the United States to improve after Trump’s presidency, paving the way for the company’s Cryptocurrency layout.
Rick Wurster, the incoming CEO of Jiaxin Wealth Management, said in an interview with Bloomberg on Thursday,
When the regulatory environment changes, we will officially enter the Crypto Assets Spot market. We are confident that this day is coming, and we are fully prepared for it.
Rick Wurster is currently the President of Jiaxin Financial and will officially assume the position of CEO on New Year’s Day next year.
Rick Wurster pointed out that clients of JPMorgan Wealth Management have long been able to participate in the cryptocurrency market through ETFs, futures, and closed-end funds as investment vehicles, and have all achieved good returns. However, the company still hopes to provide clients with direct cryptocurrency investment options. He added:
Crypto Assets have indeed attracted a lot of follow, and many investors have made a lot of money through them. However, I haven’t bought Crypto Assets myself yet. Looking back now, I do regret it a bit.
Although Rick Wurster has no intention of making personal cryptocurrency investments in the short term, he is very happy to see J.P. Morgan’s clients explore cryptocurrency.
As early as 2021, JPMorgan Chase has expressed that once it decides to participate in the cryptocurrency market, the company’s entry will be “extremely competitive” and will “bring disruptive impact”.
Wealth Management Survey: Nearly half of the respondents are interested in investing in Cryptocurrency ETFs
Another financial giant enters the market! Jiaxin Wealth Management to provide “Cryptocurrency Spot Trading Service”. This article was first published in “Blockchain News”.
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