Charles Schwab (NYSE: SCHW) announced that in the coming months, it will allow clients to trade shares of Solana ($SOL), Avalanche ($AVAX), and Chainlink ($LINK).
Previously, only Bitcoin ($BTC) and Ethereum ($ETH) were available on the investment platform. This new development will provide approximately 39 million account holders with three additional tokens to purchase within the same application they use for stock trading.
Three Tokens Join a Platform That Initially Had Two
All three assets will be listed on Schwab Crypto, a spot trading platform that the company launched for retail clients in May 2026.
In its statement, Schwab expressed its intent to expand the existing portfolio with "established cryptocurrencies that meet client demand."
A specific launch date was not provided, as Schwab only indicated it would happen in the coming months, without naming a concrete date.
Joe Vietri, Head of Digital Assets, linked the expansion to the company's existing philosophy. "With this expansion, clients will have more choices to build a digital asset portfolio alongside the investment and banking experience they know and trust at Schwab," his statement said.
Pricing remains at 75 basis points, or 0.75% of the dollar value of each transaction, which the company says is among the lowest in the industry.
Charles Schwab Premier Bank holds the assets, while Paxos, a blockchain infrastructure company regulated by the Office of the Comptroller of the Currency (OCC), handles trade execution.
Why the $12 Trillion Brokerage Giant Matters for $SOL, $AVAX, and $LINK
Schwab manages over $12 trillion in client assets and serves 39 million active brokerage accounts, making it one of the largest retail brokerage firms in the United States.
As trading venues originally focused on cryptocurrencies shift towards traditional brokerages, the reach of tokens listed on Schwab Crypto will increase.
At present, the prices of all three tokens have risen following the announcement. $SOL is trading around $107, up more than 11.6% in 24 hours.
Currently, $LINK is trading around $11.9, up more than 6.3%. $AVAX is also up over 4%, trading around $7.50, according to CoinMarketCap data.
However, not all U.S. residents will be able to access these tokens, as Schwab Crypto is not available in New York and Louisiana states. Additionally, it does not operate outside the country.
Schwab is Arriving Later to the Party, but With a Familiar Name
Compared to giants like Coinbase and Robinhood, Schwab could be seen as a latecomer to the crypto listing market. However, the timing of its entry and the decision to start only with $BTC and $ETH demonstrate a measured approach from an established player who wants to assess the market before providing client access.
Furthermore, the company maintains a cautious stance on cryptocurrencies. In March, it published a report where cryptocurrencies were repeatedly labeled as a speculative and high-risk asset.
The same report also warned that even a 1–3% position in $BTC or $ETH could constitute a disproportionately large share of portfolio risk. Schwab also notes in its disclosures that tokens are not FDIC-insured, not protected by SIPC, and may lose their entire value.
Schwab states plans for further asset acquisitions. However, these acquisitions remain at the company's discretion, as it asserts its right to delay or withdraw any announced asset for regulatory reasons or due to risks.
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