Charles Schwab CEO: Cryptocurrencies are too important to ignore

Cryptocurrencies are “hard to ignore” and that they are “pretty important” in today’s world, financial services giant Charles Schwab’s Walt Bettinger said in an interview with Bloomberg on January 20. “We now have many ways for clients to invest in cryptocurrencies, but we do not offer direct trading. From a regulatory standpoint, if there is an opportunity, we would welcome the opportunity,” Bettinger said. He further stated: “For someone like Charles Schwab, There is a huge gap in crypto right now for companies.” Bettinger also noted that the transaction costs of cryptocurrencies and their spreads are “unusually high.” (Blockworks)