August 28, 16:39
Charles Schwab plans to add Solana, Avalanche and Chainlink trading
Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum
Decrypt

Charles Schwab plans to add Solana, Avalanche and Chainlink to its crypto trading platform in the coming months. The company has not given a launch date. Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients in May. Schwab said clients will be able to trade the added cryptocurrencies through its website, mobile app and thinkorswim platform. Each trade will carry a fee of 75 basis points, or 0.75%. Schwab said that fee equals $7.50 on a $1,000 transaction. The company described the fee as among the industry's lowest. Before direct trading began, Schwab customers could access crypto through exchange-traded products and shares of companies such as Coinbase and Strategy. Schwab said in 2024 that it would enter the market after U.S. regulations provided a clearer path. The company confirmed plans to start with Bitcoin and Ethereum in April 2026. Schwab then began a phased client rollout in May. Schwab is considering other digital-asset products. CEO Rick Wurster said in 2025 that the company wanted to explore offering a dollar-pegged stablecoin. Schwab has not announced a stablecoin.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.