Charles Schwab to expand crypto trading platform to include Solana, Avalanche, and Chainlink alongside Bitcoin and Ethereum.
DeFi & Yields ·
Charles Schwab announced plans to expand its crypto trading platform with three additional assets beyond Bitcoin and Ethereum. The financial services company will add Solana, Avalanche, and Chainlink to its offering in the coming months, though no specific launch date was provided. Clients will be able to trade these assets through Schwab's website, mobile app, and thinkorswim platform, with each transaction carrying a 0.75% fee.
The expansion follows Schwab's initial rollout of direct Bitcoin and Ethereum trading to select retail clients, which began in May after the company delayed entry to await clearer U.S. regulatory guidance. Joe Vietri, Schwab's head of digital assets, framed the additions as part of a broader strategy to help clients build digital asset allocations while leveraging Schwab's existing education and support infrastructure. The three new assets serve distinct functions: Solana for fast, low-cost transactions and decentralized applications; Avalanche for custom blockchain creation; and Chainlink for connecting blockchains to external data feeds.
The timeline for individual asset rollouts and any phased client access remains unspecified. Separately, Schwab's CEO indicated interest in exploring a dollar-pegged stablecoin offering, though no formal announcement has been made on that front.