Charles Schwab expands its Schwab Crypto service beyond Bitcoin and Ethereum by adding support for Solana, Avalanche and Chainlink. Multiple outlets report that the brokerage is rolling out these additional tokens as part of its effort to broaden direct retail access to cryptocurrencies.
Schwab Crypto started rolling out to clients in May, providing direct trading for BTC and ETH. The Block reports that Schwab Crypto charges 75 basis points per transaction for these trades. Decrypt and other coverage indicate that Schwab has not announced a specific launch date for the new tokens (Solana, Avalanche and Chainlink), framing the additions as an upcoming expansion.
Across the reports, the emphasis is on the timing and scope of the expansion: outlets describe it as a move made shortly after the initial launch of direct crypto trading to retail clients, but they differ mainly on how they characterize the platform’s maturity and provide details. Overall, all sources describe the same three new assets and a recent start to Schwab’s crypto offering.
