Charles Schwab to offer direct Bitcoin trading to 38.9M accounts
Charles Schwab will offer direct Bitcoin trading to its 38.9 million brokerage accounts. The Polymarket contract on Bitcoin dipping to $60,000 in April sits at
Market reaction
The market reaction was muted, as the Schwab announcement doesn’t directly change the probability of Bitcoin hitting $60,000 in April. Schwab’s move does signal wider retail access to Bitcoin, which could increase buy-side demand and make a dip to $60,000 less likely. The contract deadline is 14 days away, giving traders a short window.
Why it matters
The Schwab rollout isn’t expected to move Bitcoin’s price in the next two weeks, but it fits a pattern of regulatory shifts favoring Bitcoin custody by banks. That broader trend could support higher Bitcoin prices over the medium term. No significant volume has been recorded in this market yet, so the impact is theoretical rather than visible in actual trading.
What to watch
Trading volume in the Bitcoin dip market is currently zero, which means the posted odds lack real-dollar conviction behind them. Traders appear to be waiting for macroeconomic signals or statements from figures like Federal Reserve Chair Jerome Powell or Canary Capital analyst Steve McClurg before committing.
For contrarian traders, a YES share priced at
Watch for regulatory developments or statements from Jerome Powell that could shift Bitcoin’s price direction.
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