Charles Schwab is set to directly offer cryptocurrency investments to its clients, according to Rick Wurster, the incoming CEO. In an interview, Wurster stated that the bank has been awaiting a shift in the U.S. regulatory landscape and is optimistic that changes will occur soon. Clients have actively engaged in the crypto market through vehicles like exchange-traded funds (ETFs) and futures, performing well in those investments. Schwab aims to be 'highly competitive' and 'disruptive' when it enters the crypto market. Although the bank has taken a cautious approach to crypto adoption, it has not been antagonistic toward the sector, maintaining support for clients trading spot bitcoin ETFs. Additionally, Schwab has been an investor in EDX Markets, a crypto exchange, and launched an ETF tracking companies benefiting from cryptocurrency developments.

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