Charles Schwab to Add Solana, Avalanche and Chainlink to Its Crypto Trading Platform
Charles Schwab is adding Solana, Avalanche and Chainlink to its crypto trading platform, the brokerage confirmed on August 27, extending a lineup that until now covered only Bitcoin and Ethereum. The three tokens will become available to buy and sell “in the coming months,” according to the company, through the same Schwab Crypto infrastructure that launched in May with Charles Schwab Premier Bank handling the account layer and Paxos providing sub-custody and trade execution.
Joe Vietri, Schwab’s Head of Digital Assets, framed the expansion as a response to client demand rather than a speculative bet on any single asset: “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.” Schwab currently charges 75 basis points on the dollar value of each crypto trade, and the platform’s existing user base gives the addition of SOL, AVAX and LINK a much wider reach than a typical altcoin listing — Schwab manages more than $13 trillion in client assets across roughly 39 million brokerage accounts.
Markets reacted almost immediately. Solana climbed to around $107, an 11.6% jump within 24 hours of the announcement; Chainlink rose about 6.3% to roughly $11.90; Avalanche gained over 4%, trading near $7.50. Solana’s own account on X highlighted the scale of the access being opened up, noting the move puts direct SOL exposure in front of nearly 40 million brokerage accounts sitting on more than $13 trillion in combined assets.
The move fits a broader pattern of traditional finance firms widening their crypto shelves well beyond the Bitcoin-and-Ethereum baseline that dominated the first wave of regulated brokerage crypto products. Solana has increasingly been positioned by asset managers as the leading alternative smart-contract platform by transaction volume, Avalanche continues to court institutional subnets and tokenization pilots, and Chainlink’s oracle infrastructure underpins a large share of DeFi price feeds and has become something of an default pick whenever a traditional platform wants exposure to blockchain “plumbing” rather than a single speculative coin. None of that guarantees demand once trading actually opens, and Schwab has not published exact fee or availability details for the new assets beyond the “coming months” timeline.
For readers weighing what a brokerage listing like this does and doesn’t mean for a token’s fundamentals, coin680’s Bitcoin Academy section has plain-language explainers on how exchange and custody access shapes crypto adoption.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices are highly volatile, including in immediate reaction to corporate announcements — always do your own research before making investment decisions.