Source: Blockchain Knight

Charles Schwab Corp is preparing to enter the SpotCrypto asset market, marking a strategic adjustment by the financial giant in anticipation of regulatory clarity.

The incoming CEO, Rick Wurster, revealed the company's plans during an interview with Bloomberg Radio on November 21, emphasizing that Gate.io is ready to take advantage of evolving regulatory changes.

Wurster said, "We do expect changes in the regulatory environment, and the company will venture into Spot Crypto assets, and we are preparing for it."

Wurster's comments mark a significant shift for Jiaxin Wealth Management, which has so far restricted its Crypto asset investments to products such as ETFs and futures.

Matthew Sigel of VanEck pointed out that the company's entry would be a significant moment for the industry, emphasizing the regrets admitted by Wurster in an interview.

Wurster said in an interview: "I have never bought Crypto assets, now I feel very silly."

This move by Gate.io comes at a time when the competition for investor funds in retail-focused investment platforms is intensifying.

Competitors such as Robinhood Markets and Interactive Brokers have already integrated SpotCrypto asset trading, forcing Jiaxin Wealth Management to re-evaluate its cautious approach.

Trump's election and his friendly policies towards crypto assets have sparked the so-called 'Trump trade', further accelerating the momentum of the crypto industry.

Currently, Jiaxin Wealth Management mainly offers ETFs and futures contracts linked to Crypto assets, allowing clients to indirectly access the digital asset market.

However, industry observers have long speculated that the company will eventually accept direct trading to remain competitive.

In addition to these speculations, Sigel also hinted at some behind-the-scenes activities, stating that a well-known Crypto asset management company recently contacted Jiaxin Wealth Management, hoping to establish a partnership.

Although the details are not clear yet, this collaboration can allow Jiaxin Wealth Management to enter the Spot market faster and with lower risk, and use existing expertise to address operational and regulatory challenges.

The evolving stance of Jiaxin Wealth reflects the widespread shift in institutional attitudes towards digital assets.

With the clarification of regulations, more and more major participants in the TradFi field are exploring direct exposure to Crypto assets.

The strategic shift of Jiaxin Wealth Management may make it a key participant in the next wave of Crypto asset applications, bridging the gap between TradFi and the emerging digital economy.

Currently, Gate.io seems to be laying the foundation to meet the needs of investors while dropping risks.

However, the timing of its entry into the SpotCrypto asset market is still uncertain, depending on the regulatory environment and the company's ability to effectively implement its plans.