Schwab opens Bitcoin, Ethereum trading to 46M clients with $11.8T in assets

Schwab opened Bitcoin and Ethereum trading to its 46 million clients holding $11.8 trillion in assets. Bitcoin’s chance to breach $68,000 by April 13 is at 100% YES.

Schwab is using Paxos for execution and third-party custody, likely Coinbase. The Bitcoin Price on April 13 market sits at 100% YES, but trading volume remains at zero.

Ethereum markets show the same pattern. Ethereum’s odds of reaching $4,000 in April are at 100% YES. Schwab’s phased rollout and 0.75% fees haven’t triggered immediate price movement. The Ethereum Price in April market has no trades.

The more interesting question is how Schwab’s 46 million clients actually allocate over time. Custody fees flow to Coinbase, and Schwab’s 0.75% trading fee commoditizes their execution business. For prediction market traders, the signal here is about gradual adoption patterns rather than a near-term price catalyst.

Watch for changes in Schwab client allocation data, regulatory shifts from the SEC or Federal Reserve, and whether competing brokerages follow with their own crypto offerings. Schwab’s rollout is still in progress.

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