Charles Schwab expands crypto trading with Solana, Avalanche and Chainlink

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Schwab adds Solana, Avalanche, Chainlink

Highlights

Charles Schwab will add Solana, Avalanche, and Chainlink to Schwab Crypto in coming months, after enabling Bitcoin and Ether trading in May.
Schwab Crypto charges 0.75% per crypto trade, is available in all U.S. states except New York and Louisiana, and remains limited to domestic clients.
Schwab reported $13.04 trillion in client assets, 39.9 million active brokerage accounts, record Q2 net revenue of $7.1 billion, and net income of $2.8 billion.

Crypto platform expansion plan

As reported by Cointelegraph, Charles Schwab says it plans to add Solana, Avalanche and Chainlink to Schwab Crypto in the coming months after launching direct Bitcoin and Ether trading for retail clients in May. The service is available through Schwab's website, mobile app and thinkorswim platform, combining crypto access with traditional investment tools.

Schwab says it intends to add more cryptocurrencies and digital assets over time, though it does not identify other tokens under consideration or provide a timetable beyond the three newly announced additions. The company charges 75 basis points, or 0.75%, on the dollar value of each crypto trade.

Schwab Crypto accounts are offered through Charles Schwab Premier Bank, while affiliated brokerage Charles Schwab & Co. performs certain operational functions on the bank's behalf. The crypto service is available in all U.S. states except New York and Louisiana, and it is not offered in U.S. territories or internationally.

Broader trading push and business scale

Schwab's crypto expansion comes as the financial services group moves into other product areas. In June, The Wall Street Journal reported that Schwab plans to offer prediction contracts tied to the S&P 500 through a partnership with Cboe Global Markets.

The contracts would let clients wager on whether the S&P 500 closes 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 is initially limited to index outcomes.

As of July 31, Schwab holds $13.04 trillion in client assets across 39.9 million active brokerage accounts, according to the company. It also reports record second-quarter net revenue of $7.1 billion and net income of $2.8 billion, underscoring the scale of its expansion into crypto and other trading segments.

Our earlier article on America’s status as the default home for global capital explained why that dominance is starting to look less automatic. We noted that higher long-dated Treasury yields, elevated U.S. equity valuations, and persistent deficit concerns are pushing investors to reconsider heavy U.S. overweight positions as opportunities improve in Europe, Japan, and parts of emerging markets.

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