Key Highlights

• Three additional cryptocurrencies — Solana, Avalanche, and Chainlink — are set to join Charles Schwab's digital asset platform.
• Schwab Crypto debuted in May 2026, initially offering trading in Bitcoin and Ethereum only.
• Every cryptocurrency transaction on the platform carries a 0.75% fee.
• The brokerage manages more than $13 trillion in client assets across roughly 40 million accounts.
• A new S&P 500 prediction contract is in development in collaboration with Cboe Global Markets.

Charles Schwab has announced plans to broaden its cryptocurrency trading services, adding Solana, Avalanche, and Chainlink to the Schwab Crypto platform alongside its existing Bitcoin and Ethereum offerings in the coming months. The move marks the platform's first expansion since its debut earlier this year.

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— CoinMarketCap (@CoinMarketCap), August 27, 2026
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Schwab launched Schwab Crypto in May 2026, giving retail investors straightforward access to Bitcoin and Ethereum markets. Trading is available through Schwab's web portal, its smartphone app, and the thinkorswim trading platform, which came to the firm through its 2020 acquisition of TD Ameritrade.

According to the company, the new listings reflect a deliberate effort to "thoughtfully expand" its cryptocurrency lineup with established digital assets that match investor interest. Joe Vietri, who heads Digital Assets at Charles Schwab, said the expansion gives investors more options for building a digital asset portfolio while drawing on the full range of investment and banking services Schwab already provides.

For investors familiar only with Bitcoin and Ethereum, the new names span different corners of the market. Solana and Avalanche are smart-contract blockchains that compete with Ethereum as venues for decentralized applications, while Chainlink is not a standalone blockchain at all — it is an oracle network that supplies real-world data such as prices to smart contracts and is widely used across decentralized finance. All three have ranked among the largest digital assets by market capitalization for years, in line with Schwab's emphasis on established tokens.

A Deliberate Strategy for Crypto Integration

Compared with some competitors, Schwab's approach has been markedly cautious. Platforms such as Coinbase and Robinhood offer trading in dozens of cryptocurrencies, whereas Schwab started with just two tokens and is now growing to five. Fidelity, another incumbent financial heavyweight, took a similarly measured path with the retail crypto service it launched in 2023, which also began with Bitcoin and Ethereum.

The firm has not published a precise rollout schedule for the new tokens, nor has it said whether further cryptocurrencies are under consideration beyond these three.

Fees on the platform stand at 75 basis points, or 0.75% per trade. The service operates in most U.S. states — New York and Louisiana are notable exceptions — and remains unavailable in U.S. territories and foreign markets. Charles Schwab Premier Bank provides custody for Schwab Crypto accounts, with the affiliated brokerage carrying out certain operational responsibilities for the banking division. The expansion also carries regulatory history with it: Solana was among the tokens the SEC alleged were unregistered securities in its 2023 lawsuits against Coinbase and Binance, and uncertainty over how such assets would be treated has frequently been cited by traditional financial firms as a reason to hold their lineups to Bitcoin and Ethereum.

As of July 31, 2026, the company oversaw $13.04 trillion in total client assets across 39.9 million active brokerage accounts. In the second quarter, Schwab reported record net revenue of $7.1 billion and net income of $2.8 billion.

Prediction Contracts on the Horizon

The crypto expansion is one part of a wider initiative to diversify Schwab's trading product lineup. In June, the Wall Street Journal reported that the firm plans to introduce prediction contracts tied to S&P 500 performance, developed through a partnership with Cboe Global Markets.

These instruments would let investors take positions on whether the S&P 500 index finishes a trading session above or below predetermined thresholds. Unlike offerings from Kalshi and Polymarket, Schwab's initial rollout would focus exclusively on stock index predictions. Industry observers expect the product to become available within several months, although the company has not provided an official launch date.

Schwab's move into cryptocurrency trading and prediction markets underscores how established brokerage firms are increasingly competing with crypto-focused platforms and fintech startups for retail trading volume. With a base of nearly 40 million active accounts, the platform could significantly widen mainstream investor access to the newly supported cryptocurrencies.