Schwab to Add Solana, Avalanche, and Chainlink to Crypto Trading

Schwab Expands Crypto Offerings to Three New Assets

Charles Schwab announced on Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform. The move expands the firm's direct cryptocurrency offerings beyond the Bitcoin and Ethereum it began offering in May.

Schwab did not provide a specific date for when the new assets will be available. The expansion comes about three months after the financial services giant started rolling out direct Bitcoin and Ethereum trading to select retail clients.

Before this launch, Schwab customers could only gain exposure to crypto through exchange-traded products (ETFs) or by buying shares in companies like Coinbase. They could not buy cryptocurrencies directly.

Platform Details and Fees

Customers will be able to trade the new cryptocurrencies on Schwab’s website, mobile app, and thinkorswim trading platform. The company stated that each trade will carry a fee of 0.75%. This equals $7.50 on a $1,000 transaction, which Schwab described as one of the lowest fees in the industry.

What the Company Says

Joe Vietri, Schwab’s head of digital assets, said in a statement: “With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.” He added that the additions are consistent with their approach to provide access to familiar cryptocurrencies backed by education and tools.

About the New Cryptocurrencies

Schwab provided brief descriptions of the three new assets:

• Solana: Designed for fast, inexpensive transactions and hosts apps for trading, payments, and gaming.
• Avalanche: Allows businesses and developers to create blockchains tailored to specific apps.
• Chainlink: Connects blockchains to outside information, supplying smart contracts with data such as asset prices.

Previous Plans and Future Considerations

In 2024, Schwab said it would enter the crypto market once U.S. regulations offered a clearer path. The company confirmed in April 2026 that it would start with Bitcoin and Ethereum, followed by a phased rollout in May. This latest announcement marks the next step in that phased approach.

CEO Rick Wurster stated in 2025 that Schwab wants to explore offering a stablecoin, which is a cryptocurrency tied to a stable asset like the U.S. dollar. However, the company has not announced any plans to launch one yet.

Other Recent Crypto News

For more updates, see today’s stories on Bitwise’s Solana ETF becoming the first to reach $1 billion in assets, and recent developments involving DeFi Development Corp and Hyperliquid Strategies.

Sources

• Decrypt