PANews reported on April 19 that according to Riabiz, Charles Schwab's newly appointed CEO Rick Wurster is expected to launch direct spot cryptocurrency trading within the next 12 months, and spot cryptocurrency trading will become a "bet" for every major brokerage firm.

Rick Wurster said that Schwab is expected to launch "direct" spot cryptocurrency trading as the regulatory environment changes, and is currently making steady progress towards this goal. However, considering the volatility of cryptocurrency prices and the possibility that the entire value of cryptocurrency investments may disappear, investors who believe they cannot afford significant risks and market volatility may choose to avoid it.