Home Charles Schwab Adds Solana, Avalanche & Chainlink To Nascent Crypto Platform

Charles Schwab Adds Solana, Avalanche & Chainlink To Nascent Crypto Platform

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Charles Schwab Adda Solana, Avalanche & Chainlink To Nascent Crypto Platform
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Charles Schwab, the US financial services company plans to add Solana (SOL), Chainlink (LINK) and Avalanche (AVAX) and to its crypto trading platform in the coming months, expanding its direct cryptocurrency offering beyond Bitcoin (BTC) and Ether (ETH).

Schwab Crypto began rolling out to retail clients in May, initially offering direct Bitcoin and Ether trading alongside traditional investments through Schwab’s website, mobile app and thinkorswim platform.

The brokerage said it planned to add more cryptocurrencies and digital assets over time, though it did not specify which assets it is considering or provide a timeline beyond the three newly announced tokens.

Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto trade. The service is available in all US states except New York and Louisiana and is not offered in US territories or internationally.

The Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with affiliated brokerage Charles Schwab & Co. performing certain operational functions on the bank’s behalf.

Schwab’s crypto expansion comes as the financial services firm moves into other new trading products. In June, The Wall Street Journal reported that Schwab plans to offer prediction contracts tied to the S&P 500 index through a partnership with Cboe Global Markets.

The contracts would allow clients to wager on whether the S&P 500 will close above or below a specified level, with the product reportedly expected to launch within months. Unlike platforms such as Kalshi and Polymarket, Schwab’s planned offering would initially be limited to index outcomes.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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