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Charles Schwab is launching spot crypto trading for Bitcoin and Ethereum, charging 75 basis points per trade. Ethereum price reaching $2,700 by April 14 sits at
Market reaction
Schwab’s 28 million retail clients will get direct access to Bitcoin and Ethereum trading across the firm’s platforms. Ethereum price on April 14 and related markets are already adjusting to this potential wave of retail buying.
Current trading volumes for Ethereum-related prediction markets show no actual trades, with $0 in face value over the past 24 hours. Still, the announcement has traders positioning for potential price movements. The 75 bps fee is competitive against crypto-native platforms and may pull in Schwab clients who already trade stocks and ETFs through the firm but haven’t touched crypto directly.
Why it matters
Schwab manages $12 trillion in assets. If even a small fraction of that client base starts buying Ethereum, the demand impact could be material. At 100% YES for hitting $2,700 on April 14, the market is pricing in a guaranteed outcome, but actual price movement will depend on trading volumes and execution once the feature goes live.
What to watch
Traders should track any updates on Schwab’s platform regarding rollout timing and specific features. Announcements from regulatory bodies that might affect Schwab’s crypto operations are worth monitoring. A sudden surge in on-chain or exchange trading activity after launch would signal retail interest converting into actual price pressure.
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