Charles Schwab is continuing to expand its cryptocurrency trading business. The company disclosed that over the coming months, it will add Solana, Avalanche, and Chainlink to its trading platform, though specific launch dates have not yet been announced. This means its cryptocurrency spot trading services will expand beyond Bitcoin and Ethereum to include additional major tokens.
List BTC and ETH first in May.
This U.S. financial services company began phasing in direct trading of Bitcoin and Ethereum for select retail customers in May of this year. Prior to this, clients could gain exposure through ETFs, crypto-related stocks, and other means, but were unable to buy or sell cryptocurrencies directly on the Charles Schwab platform.
The company stated that, following the addition of new cryptocurrencies, eligible customers can continue to buy and sell through the website, mobile app, and thinkorswim trading platform. Each cryptocurrency transaction carries a fee of 75 basis points, or 0.75%, which amounts to approximately $7.50 on a $1,000 trade.
Added three major tokens
The three assets being added in this initiative each serve different sectors: Solana is primarily used for high-throughput, low-cost on-chain transactions and applications; Avalanche is designed for customized blockchains and application deployment; and Chainlink provides off-chain data access services, commonly used to feed external information such as price data to smart contracts.
From a product timeline perspective, Charles Schwab has not broadly expanded into more long-tail assets but continues to focus on tokens with higher market recognition and more mature ecosystems, consistent with its prior approach of first listing Bitcoin and Ethereum.
Proceed after the regulatory path becomes clearer
Charles Schwab indicated as early as 2024 that it would enter the spot cryptocurrency trading market once the U.S. regulatory environment became clearer. The company confirmed in April 2026 that it would initially launch trading for Bitcoin and Ethereum, with a phased rollout beginning in May.
In addition to spot trading, Charles Schwab is also evaluating other digital asset businesses. CEO Rick Wurster stated in 2025 that the company intends to explore dollar-pegged stablecoin products, but no formal arrangements have been announced to date.
Additional information: Charles Schwab has not yet provided a specific date for this new plan; currently, its cryptocurrency trading services remain available to eligible customers on a phased basis.