Schwab Expands Crypto Offerings to Include Solana, Avalanche, Chainlink

Charles Schwab, one of the largest brokerages in the US, is expanding its crypto offerings to include Solana (SOL), Avalanche (AVAX) and Chainlink (LINK). The three assets will be added to the Schwab Crypto platform over the coming months, marking a significant expansion beyond Bitcoin and Ethereum.

The company's bank subsidiary will service the new additions, allowing Schwab to keep custody and execution within its existing regulated infrastructure. This move follows a broader trend of traditional financial firms deepening their crypto offerings, with institutions such as JPMorgan expanding their exposure beyond the two largest cryptocurrencies.

Schwab has not specified a timeline for the rollout or provided details on custody arrangements, fueling uncertainty around the practical impact of the new listings. The company's plans are forward-looking and subject to regulatory and operational steps before each token can be traded.