Charles Schwab announced that, over the coming months, Schwab Crypto will offer trading for Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to U.S. retail customers. The company disclosed that the specific launch dates have not yet been announced, nor has it been clarified whether the three tokens will be made available simultaneously.
Trading pairs expanded to 5
With the addition of these three tokens, Schwab Crypto’s supported direct trading assets will increase from two to five. The platform initially opened trading for only Bitcoin and Ethereum earlier in 2026. Charles Schwab stated that the new additions are primarily based on customer demand and prioritize more established digital assets.
The company has not disclosed more detailed screening criteria, nor has it indicated whether new assets will be subject to separate trading restrictions. Joe Vietri, Head of Digital Assets, said the platform aims to provide customers with more digital asset allocation options within existing investment and banking systems.
The current model is still primarily based on custodial accounts.
Charles Schwab currently charges a 0.75% fee on each cryptocurrency transaction. Customer assets are held by Charles Schwab Premier Bank, with Paxos handling trade execution and sub-custody. Users can view their cryptocurrency holdings alongside their stocks, bonds, and ETF positions on Schwab.com, Schwab Mobile, and thinkorswim.
However, this service currently does not support full on-chain functionality. The article states that, in its initial phase, the platform has not enabled external deposits and withdrawals. In its July earnings update, Charles Schwab mentioned that it has begun testing cryptocurrency transfer functionality and may, in the future, allow clients to transfer eligible assets between their brokerage accounts and external platforms.
As of the end of the second quarter, Charles Schwab managed $13.1 trillion in client assets and had 39.8 million active brokerage accounts. The article notes that this does not equate to funds directly accessible for the cryptocurrency market, but indicates the company has a substantial potential user base.
After the announcement, SOL ranked among the top gainers.
After the announcement, SOL performed the strongest. Reports showed that SOL rose to approximately $104.84, posting a 24-hour gain of over 9%, trading within a range of $95.23 to $105.55, with volume nearing a 70% increase. AVAX climbed about 2% shortly after the news, while LINK also rose over 2% during the same period, with a 24-hour gain exceeding 5%.
The article also noted that SOL’s rally that day occurred amid broader strength across major crypto assets, so the price movement may not have been solely driven by the Charles Schwab news.
Consulting services are also in preparation.
In addition to retail clients, Charles Schwab is also evaluating offering digital asset services to registered investment advisors. The report noted that the company is considering launching spot trading, transfers, and custody services for advisors by mid-2027, though the timeline remains subject to change.
Additional information: Prior to Charles Schwab launching direct cryptocurrency trading, its clients primarily gained exposure through ETFs, futures, and thematic funds. The company’s management previously stated that the total value of cryptocurrency-related exchange-traded products held by clients on the platform was approximately $25 billion.