Charles Schwab has announced plans to add Solana, Avalanche and Chainlink to its crypto platform in the coming months, extending direct trading beyond Bitcoin and Ethereum for its U.S. retail clients. Summary Schwab Crypto will add SOL, AVAX and LINK, taking its planned token lineup to five. The brokerage reported $13.1 trillion in client assets and 39.8 million active accounts in the second quarter. SOL rose more than 9% over 24 hours, while AVAX and LINK recorded smaller gains. Schwab charges 0.75% per crypto transaction and plans to add more digital assets over time. Charles Schwab selects three established altcoins Charles Schwab said in an Aug. 27 announcement that clients will be able to buy and sell Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) through Schwab Crypto in the coming months. A launch date was not disclosed. Schwab also did not say whether all three assets would become available at the same time or whether access would follow the phased approach used for its first crypto products. The additions will take Schwab Crypto’s planned selection from two assets to five. Bitcoin and Ethereum were the only cryptocurrencies available when direct trading began earlier in 2026. Schwab said it chose the three tokens after considering customer interest and focusing on established digital assets. The company did not publish its selection criteria or provide details about trading limits for the incoming assets. “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,” Joe Vietri, Schwab’s head of digital assets, said in the announcement. Demand will continue to guide which cryptocurrencies are listed, according to Schwab. The firm confirmed that it expects to add other assets over time, although it did not name the next tokens under consideration. XRP, Hyperliquid, and Zcash were not included in the announcement despite public requests from some crypto users. Schwab has not said whether regulatory concerns, liquidity requirements, or other factors affected their exclusion. Schwab Crypto builds on its Bitcoin and Ethereum launch In August, crypto.news reported on Schwab’s rollout of direct Bitcoin and Ethereum trading at a fee of 75 basis points, or 0.75% of the dollar value of each transaction. Charles Schwab Premier Bank holds customer assets, while Paxos provides trade execution and sub-custody. Clients can view their crypto holdings alongside stocks, bonds, exchange-traded funds, and other investments through Schwab.com, Schwab Mobile, and thinkorswim. At the end of the second quarter, Schwab reported $13.1 trillion in total client assets and 39.8 million active brokerage accounts. The firm also recorded $7.1 billion in quarterly revenue, up 21% from a year earlier, while daily average trades increased 57% to 11.9 million. Such figures describe the size of Schwab’s existing business rather than the amount available for cryptocurrency purchases. Still, the account base gives the firm a large pool of customers who can access crypto without opening an account at a separate exchange. Before Schwab introduced direct trading, its customers could gain crypto exposure through exchange-traded funds, futures, and the Schwab Crypto Thematic ETF. Chief executive Rick Wurster previously said clients held about $25 billion in crypto exchange-traded products through the company. The retail service began without support for external deposits and withdrawals. During its July earnings update, Schwab said it had started testing crypto transfers, which could eventually let clients move eligible assets between the brokerage and external platforms. Pricing places Schwab between several financial competitors. Its 0.75% transaction fee sits below Fidelity’s reported charge of about 1% but above the 0.5% fee attached to Morgan Stanley’s E*Trade crypto service. E*Trade included Solana alongside Bitcoin and Ethereum during its pilot, giving Schwab another reason to add support for assets outside the two largest cryptocurrencies. Zerohash provides infrastructure for Morgan Stanley’s offering, while Schwab relies on Paxos for execution and sub-custody. U.S. clients face access and custody limits For American investors, the announcement adds another route to buy SOL, AVAX, and LINK through a regulated banking subsidiary connected to a major brokerage. It does not give Schwab users access to the tokens immediately, as availability remains subject to the company’s rollout schedule. Schwab Crypto was initially unavailable to customers in New York, Louisiana, U.S. territories, and international markets. The company’s latest announcement did not say whether geographic availability will change when the three assets are introduced. Customers also need a separate Schwab Crypto account linked to their existing relationship with the brokerage. Unlike a self-custody wallet, the service leaves asset custody with Schwab Premier Bank and its infrastructure provider. The arrangement can simplify access for investors who already hold stocks and funds at Schwab, but it does not currently offer the same transfer functions as a conventional crypto exchange. Schwab has not disclosed whether staking, on-chain withdrawals or deposits will be available for SOL, AVAX, and LINK at launch. The company is separately preparing to bring digital-asset services to registered investment advisers. A mid-2027 advisor rollout is under consideration for spot trading, transfers and custody, although Schwab managing director Jalina Kerr has said the timing may change. Advisers still use exchange-traded products for much of their clients’ crypto exposure, according to Kerr. Demand for direct holdings has grown among customers who already keep digital assets on other platforms, creating interest in custody and transfer services inside Schwab’s adviser system. SOL, AVAX and LINK rise after the announcement Solana traded at about $104.84 after the announcement, gaining more than 9% over 24 hours. Its intraday range stretched from $95.23 to $105.55, while reported trading volume climbed almost 70%. SOL recorded the strongest daily performance among the three selected assets. The token’s advance also followed a rally across several large cryptocurrencies, making it difficult to attribute the full move to Schwab’s announcement alone. Avalanche rose about 2% within an hour of the news, according to market data cited in the original report. Chainlink also gained more than 2% during the same period and extended its 24-hour increase beyond 5%. Alongside crypto trading, Schwab is adding other products tied to markets and digital finance. Cboe introduced binary options based on the Mini-S&P 500 Index in June, with Interactive Brokers providing initial access and Schwab expected to follow. The Cboe Predicts contracts trade as security options under the rules governing U.S.-listed options. Cboe launched them under the XSPBW and XSPBX tickers, allowing investors to take yes-or-no positions on where the Mini-S&P 500 Index will finish.
