Schwab Expands Crypto Platform With Addition of Three Major Altcoins

Charles Schwab, a Wall Street giant, has expanded its crypto trading business beyond Bitcoin and Ethereum. The company's Schwab Crypto platform will add Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) to its offerings in the coming months.

This move comes just a few months after the platform launched with only Bitcoin and Ethereum available for trading. The new additions bring the total number of cryptocurrencies offered by Schwab Crypto to five, with more altcoins planned for introduction over time.

The company's Head of Digital Assets, Joe Vietri, explained that the expansion is designed to provide clients with more choices when it comes to building a digital asset allocation. '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.'

Schwab Crypto clients can view and trade their crypto holdings alongside traditional investments on the company's website, mobile application, and thinkorswim platform. However, it's worth noting that certain geographical limitations are still in place, with the service unavailable to residents of New York and Louisiana, as well as customers in US territories and international jurisdictions.