Shares of Donald Trump's publicly traded company, Trump Media & Technology (DJT.US) are gaining nearly 7% after the company announced a strategy to develop fintech services, in partnership with Charles Schwab (SCHW.US).
- The company intends to invest 250 million of its $700 million cash and custody assets in Charles Schwab. The funds will be invested in ETFs, cryptocurrencies and other assets
- Stocks limit gains to 7% from 15% initial euphoric reaction. Bitcoin failed to stay above $102K; Ethereum is still trading below $3100
- Charles Schwab will advise DJT on further investments and development of the Truth.Fi brand. Charles Schwab shares gain less than 0.5%
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile appSource: xStation5
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
