
Charles Schwab reported a strong performance for January 2025, with core net new assets increasing by 75% year-over-year to $30.6 billion. Total client assets reached $10.33 trillion, marking a 21% increase year-over-year and a 2% rise month-over-month. Additionally, the firm saw an 18% year-over-year increase in new brokerage accounts, totaling 433,000, and a 7% month-over-month rise in daily average trades, which reached 7.37 million. Meanwhile, Blockchain.com has appointed Justin Evans, the former head of crypto investment banking at Goldman Sachs, as its new CFO. This move is part of the company's strategy to expand its workforce by 50% and signals its long-term goal of going public. Blockchain.com has previously secured a $110 million funding round in 2023. Alongside Evans, Mike Wilcox has been hired as COO to assist in preparations for the IPO, as the company aims to recover from a valuation drop from $14 billion in 2022 to under $7 billion in 2023.
🚀💼 Blockchain․com taps ex-Goldman Sachs & Point72 execs to lead its IPO push. - Hired Justin Evans (CFO) and Mike Wilcox (COO) to prep for public listing - Raised $1.09B total; valuation dropped from $14B (2022) to under $7B in 2023 - Joins Circle, Kraken in targeting IPO…
[COINDESK] https://t.co/RqvBtKridT Takes Step Towards IPO With New Executive Appointments
https://t.co/Rxsuh0LPfX, a prominent cryptocurrency exchange, is taking new steps toward a potential IPO through two new executive appointments. @FranciscoMemor reports. https://t.co/5JZKvhdfmG