Schwab enables Bitcoin, Ethereum trading for 39M clients

Charles Schwab has rolled out spot Bitcoin and Ethereum trading for its 39 million clients. The Bitcoin price prediction market for April 19 (above $60K) sits at 99.8% YES.

## Market reaction

Bitcoin’s April 19 above-$60K market holds at 99.8% YES, unchanged from yesterday. The market’s depth requires $32,199 to shift the price by 5 points, pointing to heavy institutional positioning. Daily actual USDC volume is at $4,447.

## Why it matters

Schwab opening direct crypto trading to its 39 million brokerage clients adds a major new access point for retail and institutional buyers. The odds were already near-certain before this announcement, and they haven’t moved since, meaning the market had largely priced in this kind of mainstream brokerage entry. At 99.8¢ for YES, the payout math offers almost nothing, but the price reflects how little doubt remains about Bitcoin staying above $60K through April 19.

## What to watch

Watch for regulatory developments from the SEC or CFTC on digital asset rules. Statements from Jerome Powell or Gary Gensler could shift sentiment on broader crypto markets. Announcements from other large brokerages following Schwab’s lead would signal whether this becomes an industry-wide pattern or stays isolated.

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