Schwab Expands Crypto Services with Solana, Avalanche, and Chainlink

Charles Schwab is expanding its cryptocurrency services by adding Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) trading to its Schwab Crypto platform in the coming months. This move will broaden the financial giant's digital asset lineup beyond Bitcoin and Ethereum.

The company announced the expansion on August 27, saying that these three cryptocurrencies were selected as part of its strategy to offer established digital assets that align with client demand. Schwab clients will be able to buy and sell SOL, AVAX and LINK directly through their crypto accounts once trading goes live.

“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,” said Joe Vietri, Head of Digital Assets at Charles Schwab. The brokerage charges 75 basis points based on the dollar value of each transaction.