Three leading financial institutions announce plans for upcoming Crypto initiatives

Date:

The crypto trading space is being entered by major financial institutions, including Charles Schwab, Morgan Stanley, and Goldman Sachs, signaling their intent to engage with digital assets.

Within the past 48 hours, announcements were made by Charles Schwab, Goldman Sachs, and Morgan Stanley—three prominent financial institutions providing banking and investment services—regarding their intentions to introduce crypto trading services to their clients.

On May 1, it was stated by Charles Schwab CEO Rick Wurster during an appearance on Yahoo Finance’s podcast that spot crypto trading would be introduced by the institution within the next 12 months, starting with Bitcoin and Ethereum. These offerings are set to be incorporated into Schwab’s “thinkorswim” platform, which serves as the bank’s trading-oriented product suite.

During the Token2049 event held in Dubai this week, an announcement was made by Mathew McDermott, Goldman Sachs’ head of digital assets, expressing the firm’s intention to engage in tokenized treasury and money market fund trading, along with plans to enter the lending space.

According to a Bloomberg report released yesterday, Morgan Stanley plans to launch crypto services through its investment brokerage arm, E-Trade, starting in 2026. These initiatives would mark the traditional broker’s first move into direct spot crypto trading. Until now, its offerings have been limited to Bitcoin and Ethereum ETFs and futures trading.

Since the United States introduced Bitcoin and Ethereum spot ETFs, institutions have rapidly increased their adoption of cryptocurrency. This momentum has accelerated further under a U.S. presidential administration that openly supports crypto. Regulatory and commercial progress continues, with major players in the country actively working to secure a dominant market position.

Marton K.
Marton K.https://thecoingraph.com
Marton is seasoned crypto and finance journalist with over four years of experience. He has contributed to several high-profile outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Norway considers Crypto Mining ban despite surge in local Bitcoin investments

Norwegian companies have significantly increased their Bitcoin holdings, creating...

Coinbase obtains MiCA license and launches european headquarters in luxembourg

Coinbase officially obtained the MiCA license in Luxembourg, gaining...

Solana reports 3,200 active developers, surpasses $1B in app revenue for second consecutive quarter

Solana (SOL) has continued to experience high levels of...

Hedge fund execs voice concerns over Bitcoin’s future in post-Trump Era: Eric Semler

Eric Semler embraces his role as the “lone voice...