Charles Schwab Crypto Platform Expands Beyond Bitcoin and Ethereum

Schwab crypto menu grows to five tokens

Charles Schwab announced that its retail crypto platform, Schwab Crypto, will soon add support for three additional digital assets. The platform will begin accepting trades for Solana, Avalanche, and Chainlink.

The expansion brings the total number of tradable tokens on the platform to five. It already supported Bitcoin and Ethereum.

Schwab is integrating these tokens into its existing retail service. The company did not provide a specific launch date and noted that plans could change due to market conditions, regulations, or operational risks.

Key details on fees and availability

• Trades on the platform cost 0.75% of the transaction value.
• The service is available to clients through Charles Schwab Premier Bank.
• Accounts are currently open in all U.S. states except New York and Louisiana.
• Paxos provides sub-custody and executes the trades for Schwab.

Advisor channel rollout remains separate

This expansion focuses only on the direct retail offering. Schwab has not yet disclosed which assets will be available to financial advisors.

A separate service designed for registered investment advisers is targeted for a mid-2027 launch. At a media roundtable in June, Schwab stated that the advisor channel would support spot crypto trading, transfers, and custody.

Schwab manages approximately $5.2 trillion in advisor client assets as of the end of the first quarter.

What is confirmed

Schwab Crypto will expand its retail token lineup to include Solana, Avalanche, and Chainlink alongside Bitcoin and Ethereum.

What is still unclear

The exact timeline for the new token listings has not been set. Additionally, the specific cryptocurrencies available on the advisor channel in 2027 have not yet been revealed.

Why this matters for investors

The move signals a continued effort by large traditional financial institutions to offer broader crypto access to retail customers. Schwab has historically focused on self-directed investing, and expanding its token selection may attract more traders looking for alternative digital assets.

Sources:

• The Defiant