Charles Schwab Expands into Crypto with New Executive Role
- Charles Schwab is creating a new executive position, head of digital assets, to oversee its crypto strategy.
- Joe Vietri, former head of the branch network, will be the first to fill this role.
- The firm manages approximately $10.33 trillion in total client assets.
- In January 2024, Charles Schwab began offering spot Bitcoin ETFs in the US.
- A 400% increase in visits to their crypto site was reported in Q4, with 70% being prospects.
Charles Schwab is enhancing its focus on cryptocurrency by appointing Joe Vietri as the head of digital assets. The company has seen significant interest in crypto offerings, including a notable rise in website traffic related to these services.
Source (2.6)https://dailyhodl.com/2025/02/18/charles-schwab-creates-head-of-digital-assets-role-as-firm-positions-to-offer-crypto-services-report/?rand=59076
