Schwab Opens Doors to Cryptocurrency Trading for Millions

Charles Schwab has made a major move into the world of cryptocurrency by enabling its clients to trade spot Bitcoin and Ethereum directly.

The brokerage firm, which has 39 million clients, now allows them to buy and sell these digital assets without needing to use third-party platforms or brokers. This is seen as a significant development in the mainstream adoption of cryptocurrencies.

According to market data, the April 19 price prediction market for Bitcoin is holding at 99.8% YES, indicating that investors are highly confident in the asset's ability to stay above $60K on this date. However, the payout math offers little reward, suggesting that the market had already priced in this kind of mainstream brokerage entry.