In brief
- Schwab plans to add Solana, Avalanche, and Chainlink trading “in the coming months.”
- Schwab Crypto began rolling out with Bitcoin and Ethereum in May.
- Eligible clients pay a 0.75% fee on each crypto trade.
Financial services giant Charles Schwab said Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform “in the coming months,” expanding beyond Bitcoin and Ethereum, though it did not give a launch date.
The additions come about three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients. Before then, customers could get crypto exposure through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not buy cryptocurrencies directly.
“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,” Joe Vietri, Schwab’s head of digital assets, said in a statement. “These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals.”
Solana is 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.
Schwab said clients will be able to buy and sell the cryptocurrencies on its website, mobile app and thinkorswim trading platform. Each trade will carry a fee of 75 basis points—financial shorthand for 0.75%, or $7.50 on a $1,000 transaction—which Schwab described as among the industry’s lowest.
In 2024, the company said it would enter the market once U.S. regulations offered a clearer path. It confirmed plans to start with Bitcoin and Ethereum in April 2026, followed by a phased client rollout in May.
The company is also considering other digital-asset products. CEO Rick Wurster said in 2025 that Schwab wanted to explore offering a dollar-pegged stablecoin, though it has not announced one.
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