Charles Schwab is expanding its Schwab Crypto trading service to include Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) in the coming months, adding to the Bitcoin and Ethereum options launched in May. The move gives eligible clients direct access to five cryptocurrencies, with plans to introduce more digital assets over time. Trades carry a 75-basis-point fee. The service remains unavailable in New York, Louisiana, U.S. territories, and international jurisdictions. Support for the new altcoins could be delayed or withdrawn due to regulatory or market developments. The expansion arrives as Bitcoin has rallied to near $81,000, with SOL, LINK, and AVAX posting significant monthly gains.
Just a few months after launching its first notable cryptocurrency-focused platform, the Wall Street behemoth expanded its offering beyond Bitcoin and Ethereum by announcing the addition of Solana (SOL), Chainlink (LINK), and Avalanche (AVAX).
The new additions will allow eligible company clients direct access to five cryptocurrencies. Charles Schwab said these will not necessarily be the last added altcoins, as it plans to introduce more digital assets over time.
“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,” said the entity’s Head of Digital Assets, Joe Vietri. “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.”
Charles Schwab clients can view and trade their crypto holdings alongside traditional investments on its website, mobile application, and thinkorswim platform. The company explained that crypto trades carry a fee of 75 basis points on the dollar value of each transaction.
Certain geographical limitations remain in place. Schwab Crypto is unavailable to residents of New York and Louisiana, as well as customers in U.S. territories and international jurisdictions. The statement also clarified that support for any of the announced digital assets could still be delayed, changed, or withdrawn depending on regulatory, market, operational, or risk-related developments.
The BTC- and ETH-only launch came just ahead of a May rally that drove Bitcoin to almost $83,000. After three months of selling pressure and new lows, BTC dipped below $58,000 on July 1. The new altcoin additions find the market in a much better state, with BTC breaking out to $81,000 on a couple of occasions. SOL is up over 40% in the past month, LINK gained 38%, and AVAX added a more modest 15%.
