Charles Schwab to add Solana, Avalanche and Chainlink trading

Charles Schwab (NYSE: SCHW) has announced that it will let clients trade Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) in the coming months.

Before now, Bitcoin (BTC) and Ether (ETH) were the only cryptocurrencies that were listed on the investment platform. This new development will give its roughly 39 million account holders three more tokens to buy inside the same app they use for stocks.

Three tokens join a platform that launched with two

The three assets will be listed on Schwab Crypto, the spot-trading product the firm rolled out to retail clients in May 2026.

In its announcement, Schwab stated that it wants to grow its existing lineup with “established cryptocurrencies that align with client demand.”

There is no specific date for launch, as Schwab only said that it will be happening in the coming months, stopping short of giving a specific date.

Joe Vietri, Head of Digital Assets, tied the expansion to the firm’s existing pitch. “With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab,” he said in the statement.

Pricing stays at 75 basis points, or 0.75% of each trade’s dollar value, which the firm has described as among the lowest in the industry.

Charles Schwab Premier Bank custodies the assets, and Paxos, a blockchain infrastructure firm overseen by the Office of the Comptroller of the Currency (OCC), handles execution.

Why a $12 trillion brokerage matters to SOL, AVAX and LINK

Schwab oversees more than $12 trillion in client assets and runs 39 million active brokerage accounts, making it one of the largest retail brokerage firms in the US.

The tokens listed on Schwab Crypto will see an increase in reach as trading moves from crypto-native venues towards traditional brokerages.

So far, all three tokens have seen their prices go up following the announcement. SOL now trades around $107, having gone up by over 11.6% in 24 hours.

LINK currently trades around $11.9, up by over 6.3%. AVAX has also gone up by over 4%, trading around $7.50 per CoinMarketCap data.

However, not everyone in the US will be able to access the tokens, as Schwab Crypto is not available in the states of New York and Louisiana. It also does not operate outside the country.

Schwab moves later, but with a familiar name

Compared to the likes of Coinbase and Robinhood, it can be said that Schwab is coming into the crypto listing space late. However, its time of entry and decision to start with only BTC and ETH shows the measured movement of an established player that wants to assess the market before giving its clients exposure to it.

Also, the firm has been measured in its tone when it comes to crypto. In March, it released a report that kept calling crypto a speculative, high-risk holding.

It also warned in that same report that even a 1% to 3% BTC or ETH position can drive an outsized share of a portfolio’s risk. Schwab also flags in its disclosures that the tokens are not FDIC insured, not SIPC protected, and can lose their full value.

Schwab says that it plans to keep adding assets over time. However, the additions are still subject to the firm’s discretion, as it stated that it reserves the right to delay or pull any announced asset on regulatory or risk grounds.