Charles Schwab to Expand Crypto Trading Beyond Bitcoin and Ethereum
Key Takeaways
- •Charles Schwab plans to add Solana, Avalanche, and Chainlink to its crypto trading platform in the coming months without specifying a launch date.
- •The expansion follows Schwab's rollout of direct Bitcoin and Ethereum trading to select retail clients beginning in May, after previously limiting crypto exposure to exchange-traded products and related company shares.
- •Each trade will incur a fee of 75 basis points, or 0.75%, which Schwab describes as among the industry's lowest, with trading available on its website, mobile app, and thinkorswim platform.
- •Solana, Avalanche, and Chainlink all rank among the most widely traded cryptocurrencies and were included in a wave of spot crypto exchange-traded products approved in the United States in 2025.
- •The move deepens competition with Fidelity, which has offered retail Bitcoin and Ethereum trading since 2022, and with Robinhood and Coinbase, which already list a broader range of altcoins.

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 its offerings beyond Bitcoin and Ethereum. The company did not provide a specific launch date.
The announcement comes roughly three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients in May. Before that rollout, customers could gain crypto exposure only through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not buy cryptocurrencies directly.
The move places Schwab more directly in competition with retail brokerages and crypto-native exchanges that already offer a broader menu of digital assets. Fidelity Investments, a comparable brokerage rival, has offered retail Bitcoin and Ethereum trading since 2022, while platforms such as Robinhood and Coinbase have long listed Solana and other altcoins alongside the two largest cryptocurrencies.
"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."
Each of the newly added assets serves a distinct function in the crypto ecosystem. Solana is designed for fast, inexpensive transactions and hosts applications for trading, payments, and gaming. Avalanche allows businesses and developers to create blockchains tailored to specific applications. Chainlink connects blockchains to outside information, supplying smart contracts with data such as asset prices. All three rank among the most widely traded cryptocurrencies by market value and were among the assets included in a wave of spot crypto exchange-traded products approved in the United States in 2025.
Schwab said clients will be able to buy and sell the cryptocurrencies through its website, mobile app, and thinkorswim trading platform. Each trade will carry a fee of 75 basis points—financial shorthand for 0.75%, or $7.50 on a $1,000 transaction—which Schwab described as among the industry's lowest. By comparison, commission-free trading apps have typically charged no explicit fee for crypto trades, instead embedding a spread into the executed price, while Coinbase's fees vary by platform and trading volume.
The company's path into crypto has been gradual. In 2024, Schwab said it would enter the market once U.S. regulations offered a clearer path forward. It confirmed plans to start with Bitcoin and Ethereum in April 2026, followed by a phased client rollout beginning in May. That timing coincided with a broader shift in the U.S. policy environment, including congressional efforts to establish a statutory framework for stablecoins and digital-asset market structure, which major financial firms have cited as they expand crypto offerings.
Schwab is also weighing additional digital-asset products. CEO Rick Wurster said in 2025 that the firm wanted to explore offering a dollar-pegged stablecoin, though none has been announced to date.