Charles Schwab announced plans on Thursday to add Solana, Avalanche, and Chainlink to Schwab Crypto, the first expansion of the platform’s token list beyond bitcoin and ether. The company said the three assets will be available for clients to buy and sell in the coming months and gave no firmer date.
Schwab Crypto operates through Charles Schwab Premier Bank, SSB, and charges 75 basis points on the dollar value of each trade. Schwab presents the rate as competitive, though crypto-native exchanges generally charge less. Accounts are unavailable in New York and Louisiana and in US territories. Joe Vietri, Schwab’s head of digital assets, said the additions give clients “more choices to build a digital asset allocation” alongside the investing and banking services they already use.
Distribution is what makes the listing matter. Schwab held $13.04 trillion in client assets and 39.9 million active brokerage accounts at the end of July, so shelf space here reaches retirement and advisory money that has never opened an account at Coinbase or Kraken. For SOL, AVAX, and LINK, that is a change in the composition of the buyer base rather than a short-term trading catalyst.
Schwab has been layering on crypto exposure across products: it began rolling out spot bitcoin and ether trading earlier this year, added 24/7 crypto futures on bitcoin, ether, solana, and XRP through thinkorswim in June, and is preparing S&P 500 event contracts with Cboe.
And Schwab said it will keep adding cryptocurrencies and digital assets over time. Its disclosures still describe digital currencies as purely speculative instruments that are not deposits, not FDIC insured, and not protected by SIPC.
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