The Charles Schwab Corporation, an American multinational financial services company, will offer cryptocurrency-related services only after regulators will give more guidance around the market, Reuters has learned, the head of the brokerage. As Schwab CEO, Walt Bettinger, said, the company would like to see more "regulatory clarity" on the market before taking any actions.
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"And if and when that comes, you should expect Schwab to be a player in that space in the same way it has been a player in other investment opportunities across the spectrum," Bettinger added.
Bettinger's statements come as the clients of New York Digital Investment Group (NYDIG), an institutional platform focused on investors, took advantage of the recent fall in the price of bitcoin (EXANTE: Bitcoin).
According to the company' strategist Greg Cipolaro, institutional investors had a buy-the-dip mentality during these risk-off events. He also noted the company believes the root cause of the sell-off had to do with investor positioning rather than fundamental news.
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