Charles Schwab has announced plans to add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its cryptocurrency trading platform in the coming months. The expansion will give the brokerage's approximately 39 million account holders three additional tokens to trade alongside Bitcoin and Ether, which remain the only cryptocurrencies currently available on the platform.
The three assets will be listed on Schwab Crypto, the firm's spot-trading product launched to retail clients in May 2026. Schwab stated that the expansion reflects its desire to grow its lineup with "established cryptocurrencies that align with client demand."
Joe Vietri, Head of Digital Assets at Schwab, 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."
Pricing and operational structure
Schwab will maintain its existing fee structure of 75 basis points, or 0.75% of each trade's dollar value, which the firm describes as among the lowest in the industry. Charles Schwab Premier Bank will custody the assets, while Paxos, a blockchain infrastructure firm regulated by the Office of the Comptroller of the Currency (OCC), will handle trade execution.
Geographic and regulatory constraints
The service will not be available to clients in New York and Louisiana, and Schwab Crypto does not operate outside the United States. The brokerage also noted that the tokens are not FDIC insured, not SIPC protected, and can lose their full value.
Measured expansion from a major player
Schwab oversees more than $12 trillion in client assets and operates one of the largest retail brokerage firms in the United States. The firm has taken a cautious approach to cryptocurrency, initially launching its crypto platform with only Bitcoin and Ether before expanding to additional assets.
In March, Schwab released a report characterizing crypto as a speculative, high-risk holding and warned that even a 1% to 3% position in Bitcoin or Ether can drive an outsized share of a portfolio's risk.
Schwab stated that it plans to continue adding assets over time, though any additions remain subject to the firm's discretion and may be delayed or withdrawn on regulatory or risk grounds.
