Charles Schwab is deepening its presence in spot cryptocurrency trading by confirming that Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) will be added to its Schwab Crypto platform in the coming months.
The expansion, reported on Aug. 27, 2026, comes roughly three months after the brokerage officially began its phased rollout of direct crypto trading in May 2026 with Bitcoin and Ethereum. Schwab said the selection of the next three assets was based on client demand and a focus on established cryptocurrencies, giving the platform a five-asset lineup that spans major smart-contract networks and decentralized oracle infrastructure.
Schwab Crypto charges 0.75% of the dollar value of each trade and advertises zero spread. The service is available through Schwab.com, Schwab Mobile and thinkorswim, allowing crypto positions to sit alongside stocks, ETFs and other investments. This positioning is aimed at existing brokerage clients who want consolidated portfolio management rather than high-frequency traders seeking the lowest execution costs.
The custody structure also highlights how traditional finance is entering spot crypto. According to the company’s latest quarterly filing, Charles Schwab Premier Bank, SSB serves as custodian of clients’ digital assets, while regulated blockchain infrastructure provider Paxos has been engaged as sub-custodian and provides trade execution services. Schwab has warned that crypto offered through Schwab Crypto is not a bank deposit, is not FDIC insured and is not protected by SIPC.
Looking ahead, Schwab said it intends to introduce in-kind deposits and withdrawals, which would let customers transfer existing crypto held elsewhere into and out of the platform. That could remove the need to sell and repurchase assets, reducing friction and potential tax consequences for investors moving existing positions. The company has not set a firm date for transfer capabilities, and it reserves the ability to delay or withdraw support for announced assets in response to regulatory, operational, market or risk developments.
The move is part of a broader strategic shift. In its 2025 annual report, Schwab estimated that its clients already represented approximately 20% of the spot crypto ETP market, and the company has noted demand from clients who hold crypto elsewhere but want to consolidate those assets with their existing investments and banking relationships.
