Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum

In brief

• Schwab plans to add Solana, Avalanche, and Chainkin trading “in the coming months.”
• Schwab Crypto began rolling out with Bitcoin and Ethereum in May.
• Eligible clients pay a 0.75% fee on each crypto trade.

Financial services giant Charles Schwab said Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform “in the coming months,” expanding beyond Bitcoin and Ethereum, though it did not give a launch date.

The additions come about three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients. Before then, customers could get crypto exposure through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not buy cryptocurrencies directly.

“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 a statement. “These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals.”