Schwab Expands Crypto Offerings with Solana, Avalanche, and Chainlink

Charles Schwab is expanding its cryptocurrency offerings by adding three major altcoins to its platform. Solana, Avalanche, and Chainlink will soon be available for clients to buy and sell, in addition to Bitcoin and Ethereum. This move comes just months after the company began rolling out direct crypto trading.

The new assets are expected to become available in the coming months. Charles Schwab's digital asset platform, Schwab Crypto, charges 75 basis points per trade and allows clients to manage crypto alongside traditional investments through its existing platforms.

According to Joe Vietri, Head of Digital Assets at Charles Schwab, 'Clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.' The company aims to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support.