Charles Schwab, a major financial services institution, has announced plans to expand its cryptocurrency trading platform by adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) as tradable assets.
This strategic move follows the recent rollout of Schwab Crypto in May 2026. The initial phase granted clients direct access to Bitcoin (BTC) and Ethereum (ETH). As part of this expansion, Schwab is integrating these new digital currencies into its existing ecosystem for eligible investors.
The firm charges a standard fee of 75 basis points, or 0.75%, per transaction across all supported cryptocurrencies. This rate applies uniformly regardless of the specific asset being traded on the platform.
According to The Block, Schwab has been actively developing its digital assets division since acquiring Coinbase in 2024. However, regulatory approvals from U.S. authorities have historically delayed the full launch timeline for non-Bitcoin and non-Ethereum tokens.
The addition of Solana represents a significant shift toward broader market coverage beyond just Layer-1 giants like Ethereum. These newer assets offer faster transaction speeds and lower fees compared to their predecessors, potentially attracting users seeking efficiency in decentralized finance applications.
By integrating Chainlink, Schwab also brings oracle technology capabilities directly into its trading interface, enabling smart contracts to access real-world data feeds seamlessly for institutional clients navigating complex financial environments today.
