Schwab launches Bitcoin, Ethereum trading with 0.7% fee per trade

Charles Schwab has launched spot trading for Bitcoin and Ethereum, charging 0.75% per trade, while maintaining $0 commissions on stocks and ETFs. Bitcoin reaching $200,000 by December 31, 2026, sits at 5% YES.

Schwab now offers direct crypto trading through its brokerage platform, putting Bitcoin alongside stocks and ETFs for its client base. The market for Bitcoin hitting $200,000 by the end of 2026 holds at 5% YES, unchanged over the past week. The 75bps fee structure gives Schwab’s advisors a financial reason to steer clients toward Bitcoin, which could drive meaningful new buying pressure.

For April 2026, the likelihood of Bitcoin dipping to $60,000 shows no significant market activity. Traders appear cautious about short-term price swings. Schwab’s entry as a distribution channel for Bitcoin could support prices over time by adding a steady flow of retail and advisory-driven demand, reducing the probability of sharp drops.

These Bitcoin price prediction markets are thin. Actual USDC traded is just $1,719 daily against a $43,208 face value, meaning a single large order could move the odds substantially. The largest recent price action was flat, which suggests traders are waiting for clearer signals.

The 75bps fee matters because it creates an incentive structure where advisors earn more revenue per Bitcoin trade than per stock trade ($0). Advisors don’t need to believe in Bitcoin’s long-term value to recommend an allocation that generates fees. Buying YES shares at 5¢ for a $200,000 price target pays $1 if correct, a potential 20x return if this advisor-driven adoption translates into sustained buying.

Watch for Schwab disclosures on client crypto uptake numbers and any regulatory changes affecting brokerage-based crypto trading.

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