Charles Schwab to add Solana, Avalanche and Chainlink trading

Charles Schwab announces plans to expand its Schwab Crypto platform by adding Solana, Avalanche, and Chainlink trading in the coming months. The expansion, which follows the platform's May 2026 launch with Bitcoin and Ether, opens these tokens to Schwab's 39.9 million active brokerage accounts holding $13.04 trillion in assets. Schwab charges a 75-basis-point fee per trade, with execution handled by Paxos. Following the August 27, 2026 announcement, Solana, Chainlink, and Avalanche prices surged.

Schwab Crypto platform expansion

• ▪Charles Schwab announced plans on August 27, 2026, to add Solana, Avalanche, and Chainlink trading to its Schwab Crypto platform in the coming months
• ▪Charles Schwab stated that the firm plans to continue adding more cryptocurrencies and digital assets to its crypto trading platform over time
• ▪The addition of Solana, Avalanche, and Chainlink represents the first expansion of the Schwab Crypto platform's token list since its launch with Bitcoin and Ether
• ▪Charles Schwab launched its Schwab Crypto platform for retail clients in May 2026, initially offering direct trading for only Bitcoin and Ether

Client distribution reach

• ▪Gaining access to Charles Schwab's retail investor base provides crypto protocols with a significant distribution opportunity to reach retirement and advisory funds
• ▪Charles Schwab held $13.04 trillion in client assets across 39.9 million active brokerage accounts as of July 31, 2026
• ▪The Schwab Crypto platform is available to retail clients in all United States states except New York and Louisiana, and is excluded from United States territories

Schwab's measured crypto strategy

• ▪Charles Schwab expanded its crypto offerings in June 2026 by adding 24/7 crypto futures for Bitcoin, Ether, Solana, and XRP through its thinkorswim platform
• ▪Charles Schwab's digital asset disclosures describe cryptocurrencies as purely speculative, high-risk instruments that are not FDIC insured or SIPC protected
• ▪Charles Schwab reserves the right to delay or withdraw any announced cryptocurrency asset additions based on regulatory or risk considerations

Pricing structure

• ▪Charles Schwab charges a transaction fee of 75 basis points, or 0.75%, on the dollar value of each cryptocurrency trade
• ▪Charles Schwab characterizes its 75-basis-point transaction fee as competitive, although crypto-native exchanges generally charge lower rates

Operational infrastructure

• ▪Blockchain infrastructure firm Paxos, which is overseen by the Office of the Comptroller of the Currency, handles trade execution for Schwab Crypto
• ▪Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with Charles Schwab & Co. performing certain operational functions

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