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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InCharles Schwab has officially launched spot Bitcoin and Ether trading for its 46 million clients, providing exposure to a massive $11.8 trillion asset base. This expansion follows robust Q1 results, where the firm reported $6.5B in net revenue and profit margins of 49.2%. In a landmark move for the banking sector, Morgan Stanley has launched the first US bank-affiliated spot Bitcoin ETF on the NYSE Arca exchange. This institutional entry is expected to drive significant professional interest and potentially stabilize Bitcoin price volatility. Together, these developments signal an accelerating convergence between traditional finance and digital assets. Additionally, Schwab is relaxing Pattern Day Trader (PDT) rules to enhance liquidity and maintain its competitive edge against fintech rivals like Robinhood.