Charles Schwab said it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform in the coming months, expanding beyond the Bitcoin and Ethereum trading it launched in May.
The expansion follows Schwab's rollout of direct Bitcoin and Ethereum trading to select retail clients three months ago. Prior to that, customers could gain crypto exposure through exchange-traded products and shares of cryptocurrency-related companies, but could not purchase cryptocurrencies directly.
Clients will be able to buy and sell the three new cryptocurrencies through Schwab's website, mobile app, and thinkorswim trading platform. Each trade will carry a fee of 0.75%, which Schwab described as among the industry's lowest.
Joe Vietri, Schwab's head of digital assets, said the additions would give clients more options to build digital asset allocations. "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," Vietri said in a statement.
About the cryptocurrencies:
- Solana is designed for fast, inexpensive transactions and hosts applications for trading, payments, and gaming
- Avalanche allows businesses and developers to create blockchains tailored to specific applications
- Chainlink connects blockchains to external information, supplying smart contracts with data such as asset prices
Schwab also said it is considering other digital-asset products. CEO Rick Wurster indicated in 2025 that the company wanted to explore offering a dollar-pegged stablecoin, though no announcement has been made.
