There will be a crypto trading platform coming by Citadel-Virtu-Fidelity-Schwab

Started by OZER, Jun 08, 2022, 11:06 PM

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Fidelity and Charles Schwab form a consortium of market makers
In the next year or two, the platform might be available

Retail brokerage firms Fidelity Investments and Charles Schwab Corp. are teaming up with Citadel Securities and Virtu Financial Inc. to build a cryptocurrency trading platform.

According to people familiar with the matter, who asked not to be identified discussing private plans, the market makers are collaborating with Fidelity and Schwab to develop a crypto offering that would increase access to digital assets. It may be available at the end of this year or early next year, the sources said.

In an emailed statement, Schwab spokeswoman Mayura Hooper said Schwab has invested passively in a new digital asset venture. Our investment strategy involves investing in companies and technologies offering access to cryptocurrency with a strong regulatory focus and in a secure environment."

Right now, the broker has no plans to offer direct crypto trading, but it will consider it when the regulatory environment is more clear, Hooper said.

The people said that plans may change based on future regulatory developments and market conditions. It was reported by CoinDesk earlier that Citadel Securities and Virtu were working together on this project.

According to Fidelity, 401(k) plan participants will be able to invest in bitcoin through its product in the next few months. Trading and storing virtual currencies is available through Fidelity Digital Assets, the firm's cryptocurrency subsidiary that was established in 2018.

Bettinger is also interested in crypto, according to Schwab's CEO. According to Schwab, the crypto market was hard to ignore in January because "a firm like Schwab is left with a tremendous void in that space."
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This is why these legacy companies and mainstream media are dying because you cannot adapt not even you way of thinking, of course companies have the potential to make more money and are valued more theres more money in the system something that happens all the time throughout history.

I don't know, but when will someone at nbc PLEASE PLEASE PLEASE learn and utilize the Oxford Comma?

Yes of course, what goes up comes down, but in this case not in a good way. Deflation is FED's nightmare.

If Jim Cramer thinks inflation is transitory, we are DEFINTELY in trouble!

He sounds just like Kathy Woods, spinning air castles. Delusional and an absolute investing nightmare..

Hexo guarantees full patched membership and cartels money laundering services. Do the homework.true

I#39d recommend finding out why crypto randomly appeared, made sure to become famous over night for attention and the back story. You#39d have to go back to 2009 after the 2008 crash I#39ll give you that much of a hint lol

Boomer media: "bItCoiN dOeSnT haVE fUNdAmENtaL vALue"  lol you all were saying that when it was a few bucks, and you'll continue to say it when it's valued at hundreds of thousands. I can't wait for your leech filled "financial advisor" industry to be gutted.