Schwab Expands Crypto Platform with Solana, Avalanche, and Chainlink

Schwab Crypto, the platform launched by one of the largest brokerages in the US, is expanding its offerings to include Solana (SOL), Avalanche (AVAX) and Chainlink (LINK). The three new assets will be added over the coming months, marking the first time Schwab has expanded beyond Bitcoin and Ethereum since its launch in May.

The move reflects a broader trend of traditional financial firms increasing their exposure to cryptocurrencies beyond the largest two. By adding these altcoins, Schwab is providing its clients with direct access to three networks that underpin a wide range of decentralized applications.

Schwab's expansion plans are significant because they demonstrate mainstream venues' growing confidence in the crypto market. By running the service through its bank subsidiary, the company can keep custody and execution within its existing regulated infrastructure.