Charles Schwab is expanding its cryptocurrency trading service beyond Bitcoin and Ethereum, confirming that eligible clients will be able to trade native Avalanche (AVAX), Solana (SOL), and Chainlink (LINK) in the coming months. The Wall Street giant launched Schwab Crypto in May with only BTC and ETH, and the move brings the platform’s total supported digital assets to five. Schwab said more altcoins are expected over time, describing the additions as part of giving clients more choices within a familiar investing and banking experience.
Joe Vietri, Schwab’s Head of Digital Assets, said the expansion is consistent with the company’s approach of offering access to cryptocurrencies backed by education, tools, resources, and support. The platform oversees more than $12 trillion in client assets and serves roughly 39 million brokerage accounts. Clients can view and trade crypto holdings alongside traditional investments on Schwab’s website, mobile application, and thinkorswim platform. Crypto trades carry a fee of 75 basis points on the dollar value of each transaction. Schwab Crypto remains unavailable to residents of New York and Louisiana, as well as customers in U.S. territories and international jurisdictions. The company also noted that support for the announced assets could be delayed, changed, or withdrawn depending on regulatory, market, operational, or risk-related developments.
The announcement arrives in a stronger market environment. Bitcoin has rebounded to around $81,000 after breaking out of consolidation, while SOL is up more than 40% over the past month, LINK has gained roughly 38%, and AVAX has added about 15%. Avalanche has been holding above a multi-month symmetric triangle breakout, trading near $7.25 after jumping from about $6 to $8. ETF issuers Bitwise, VanEck, and Grayscale now hold over 5 million AVAX combined, with 3.49 million AVAX staked.
