Charles Schwab, managing approximately $12.6 trillion in client assets, will add Solana, Avalanche and Chainlink to its Schwab Crypto platform in the coming months. The announcement Thursday marks the first expansion since Schwab Crypto launched in May 2026 with direct Bitcoin and Ethereum trading. The platform charges clients 75 basis points on the dollar value of each trade.
Solana's inclusion follows SEC approval of Solana exchange-traded products in January, making it the third cryptocurrency to gain such approval. That regulatory clarity creates a straightforward pathway for institutional engagement with the asset—a key signal to Schwab's client base.
Clients can manage digital asset allocations alongside traditional investments through Schwab's existing platforms. Joe Vietri, head of digital assets at Charles Schwab, said the additions offer more choices for clients building digital asset portfolios.
Avalanche supports decentralized applications and custom blockchain networks, while Chainlink provides decentralized oracle services to smart contracts. Both are established protocols with significant on-chain activity and institutional adoption.
Beyond spot trading, Charles Schwab also offers 24/7 crypto futures trading on its thinkorswim platform, including Bitcoin, Ether, Solana and XRP. This integrated approach lets clients execute both spot and derivatives strategies within one ecosystem—a critical advantage for traders managing leverage and hedges.
Schwab said the expansion reflects client demand and indicated more digital assets will be added over time.
