Charles Schwab & Co. plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its direct cryptocurrency trading platform in the coming months, extending its initial offering beyond Bitcoin (BTC) and Ether (ETH).
Schwab Crypto, launched for retail clients in May, provides direct crypto trading alongside traditional investments through the brokerage’s website, mobile app and thinkorswim platform. The expansion reflects Schwab’s broader push into digital assets, though no additional tokens or timelines beyond the three new additions have been specified.
Trading fees for crypto transactions stand at 75 basis points, or 0.75%, of the trade’s dollar value. The service is currently available in all U.S. states except New York and Louisiana, with no access in U.S. territories or internationally.
Crypto accounts are operated through Charles Schwab Premier Bank, while affiliated brokerage Charles Schwab & Co. handles certain operational functions. The platform’s launch follows reports that Schwab is exploring prediction contracts tied to the S&P 500 index in partnership with Cboe Global Markets, though this product would initially focus on index outcomes rather than broader event-based wagering.
As of July 31, Schwab managed $13.04 trillion in client assets across 39.9 million active brokerage accounts. The company reported second-quarter net revenue of $7.1 billion and net income of $2.8 billion.
The brokerage has not disclosed further details regarding additional crypto assets under consideration or updated launch schedules beyond the three newly announced tokens.
