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Charles Schwab Chases Gen Z Crowd into Crypto
Charles Schwab is embodying the “How do you do, fellow kids?” meme by making its first foray into crypto trading. The 55-year-old company announced the move during its earnings call on Thursday, when it shared that its quarterly profit jumped more than 30% as trading activity surged across the industry. Now, Schwab wants to give clients more assets to move around: digital ones. Schwab said it’ll soon add the top two tokens by market cap, bitcoin and ether, to its platform under the on-the-nose offering name, Schwab Crypto. It has been a banner earnings season for Wall Street firms. Schwab averaged a record 9.9 ... (full story)
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