United States-based investment giant Charles Schwab (NYSE:SCHW) is — for now — steering clear of cryptocurrencies, even as rivals such as Fidelity rush to embrace the new sector.
Schwab — the U.S.’ largest investment brokerage firm, with $3.2 trillion in assets under management — will not seek to offer direct trading of cryptocurrencies for the foreseeable future, according to a Sept. 7 report from RIABiz.