Schwab Expands Crypto Offerings with Solana, Avalanche, Chainlink

Charles Schwab is expanding its crypto offerings beyond Bitcoin and Ethereum by adding Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its trading platform. The move follows a June launch of direct access to Bitcoin and Ethereum for clients, with trades priced at 75 basis points of the dollar value of each transaction.

Charles Schwab's Head of Digital Assets, Joe Vietri, said: '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.'

The new additions come as prices for SOL, AVAX and LINK surged after the announcement. SOL jumped 9% in 24 hours, while AVAX climbed almost 2%, and Chainlink spiked over 5%.

Schwab plans to add more crypto assets over time, although some in the community have pointed out that popular tokens like XRP were not included in this initial batch.