Schwab's Crypto Gamble: Can a $12 Trillion Brokerage Actually Compete With Crypto Exchanges?

⚡ Key Takeaways

• Schwab's 2026 spot crypto launch signals regulatory green lights, not market innovation—they wouldn't risk $12 trillion of reputation on regulatory ambiguity 𝕏
• Scale and integration are Schwab's real advantages over crypto-native exchanges, but this also means normalizing crypto into a tradeable commodity rather than a parallel system 𝕏
• The timing reveals crypto's true trajectory: safer for governments to regulate, perfect for retail adoption, and increasingly irrelevant to the original vision of decentralization 𝕏