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Charles Schwab has launched spot trading for Bitcoin and Ethereum through its brokerage platform, charging a 0.75% fee per trade. The firm is also maintaining $0 commissions on stocks and ETFs.
Schwab’s move adds direct crypto trading alongside stocks and ETFs for its client base. The article notes that Bitcoin reaching $200,000 by December 31, 2026 is currently priced at 5% on a prediction market, with the probability unchanged over the past week.
The 0.75% (75 basis points) fee is highlighted as a key factor because it can create an incentive for Schwab’s advisors to steer clients toward Bitcoin trades. Under the described structure, advisors would earn more revenue per Bitcoin trade than per stock trade, where commissions are $0.
The article illustrates the potential payoff in the prediction market: buying YES shares at 5¢ for a $200,000 price target would pay $1 if correct, which it characterizes as a potential 20x return if advisor-driven adoption translates into sustained buying.
For April 2026, the likelihood of Bitcoin dipping to $60,000 shows no significant market activity, suggesting traders are cautious about short-term price swings.
The article also emphasizes that these Bitcoin price prediction markets are thin. It cites actual USDC traded of $1,719 daily against a $43,208 face value, adding that a single large order could move the odds substantially. It further notes that the largest recent price action was flat, implying traders are waiting for clearer signals.
Schwab’s entry as a distribution channel for Bitcoin is described as potentially supportive over time, by adding a steady flow of retail and advisory-driven demand and reducing the probability of sharp drops.
Investors and market participants are advised to watch for Schwab disclosures on client crypto uptake numbers and any regulatory changes affecting brokerage-based crypto trading.
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