Ndax Weekly TL;DR Apr 20

Charles Schwab to launch spot crypto trading

• Charles Schwab said this week it will begin a phased rollout of spot crypto trading for retail clients in the coming weeks, including Bitcoin and Ethereum. The brokerage will add additional cryptocurrencies to the platform over time. (Business Wire)
• Why it matters: This development may indicate that access to crypto is becoming more available through mainstream brokerage platforms. Charles Schwab is a large traditional financial services firm rather than a crypto-native platform, and its entry may reflect growing interest in crypto exposure among some investors using traditional brokerage channels.

U.K.’s FCA seeks feedback on crypto rules

• The United Kingdom’s Financial Conduct Authority said this week it is consulting on how firms may be affected by crypto rules due to take effect by October 2027. The consultation covers activities including operating crypto trading platforms, dealing, staking, and safeguarding crypto assets. (FCA)
• Why it matters: The consultation suggests the FCA is moving toward a more detailed operating framework for crypto firms. That does not imply a lighter regulatory stance, but it may clarify compliance expectations for activities such as trading, custody and staking ahead of the new regime expected on October 2027.

French minister pushes euro VRCAs

• The U.S. Department of the Treasury announced last week that its Office of Cybersecurity and Critical Infrastructure Protection is launching a new initiative to share timely and actionable cybersecurity information with eligible U.S. digital asset firms.
  (CoinDesk)
• Why it matters: The comments suggest that euro-based VRCAs and tokenised deposits are being discussed as part of Europe’s broader digital payments infrastructure. They also point to a policy interest in reducing reliance on dollar-backed payment rails.

Canadian spotlight: Polymath inks infrastructure deal with Africa123

• Polymath, a Toronto-based digital asset infrastructure company, said it will work with Africa123 to explore tokenisation of large-scale land assets in Africa. Africa123 controls more than 400 million square metres of land and is working with Polymath to make its assets accessible to global pools of long-term capital. (PR Newswire)

• BTC Weekly Range: $101K-$106K
• ETH Weekly Range: $3.1K-$3.3K

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• April 20: Canada CPI for March
• April 21: U.S. retail sales for March
• April 23: U.S. initial jobless claims

• Crypto markets rebounded this week as hopes for de-escalation in the Middle East supported broader risk sentiment. Bitcoin moved back above CAD $100,000, though crypto assets remain sensitive to macroeconomic developments in the short term. By comparison, equity markets have recovered more of their recent declines, with the S&P/TSX Composite Index trading close to its recent highs.

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