Charles Schwab to Expand Crypto Trading to Solana, Avalanche, and Chainlink
What happened: Charles Schwab announced it will add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto trading platform in the coming months, expanding beyond its current Bitcoi
What happened: Charles Schwab announced it will add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto trading platform in the coming months, expanding beyond its current Bitcoin and Ethereum offerings. Schwab, which manages approximately $12 trillion in client assets and serves 39.9 million brokerage accounts, has not disclosed a specific launch date for the new tokens. The platform charges a 0.75% trading fee, which is significantly higher than most native crypto exchanges.
Why it matters: Schwab's expansion signals growing mainstream demand for diversified crypto exposure, especially among traditional finance clients. While the move gives nearly 40 million investors access to a broader set of digital assets, the fee structure remains less competitive than leading crypto-native platforms. The decision is seen more as a response to client demand for access to Layer 1 and oracle tokens, rather than a push for fee leadership.