Charles Schwab said Thursday it will add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its Schwab Crypto trading platform, the brokerage’s first expansion beyond bitcoin and ethereum since the service launched in May. The three tokens will go live “in the coming months,” the company said in a statement, giving Schwab’s 39 million brokerage clients a direct path to a wider slice of the crypto market for the first time.
Chainlink is an oracle network that feeds outside data, such as asset prices, onto blockchains so smart contracts can act on real-world information. News of the expansion helped push Solana up more than 10% in 24 hours to trade near $107, according to The Block’s live price data, as traders bet that distribution through a $12 trillion asset manager will pull in fresh retail demand.
Key Takeaways
- Charles Schwab will add Solana, Avalanche and Chainlink to its Schwab Crypto platform “in the coming months.”
- The move follows the May 2026 rollout of bitcoin and ethereum trading to Schwab’s 39 million brokerage clients.
- Solana jumped more than 10% within 24 hours of the announcement, trading near $107.
- Schwab charges 75 basis points per crypto transaction and remains unavailable to residents of New York and Louisiana.
Published: August 28, 2026, 09:20 UTC
Why Schwab is widening its crypto menu
Schwab has moved slower than crypto-native platforms such as Coinbase and Robinhood, which already list dozens of tokens. The firm began rolling out direct bitcoin and ethereum trading to clients in May, charging 75 basis points, or 0.75%, on the dollar value of each trade. Thursday’s announcement marks its first move past those two assets.
Joe Vietri, Schwab’s head of digital assets, framed the addition as demand-driven rather than a broad opening of the platform. “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,” he said in a company statement. Schwab said it plans to add more cryptocurrencies over time but did not name what comes next.
The three additions share a common thread: each ranks among the most established tokens outside bitcoin and ethereum by market capitalization, and each has years of trading history on regulated US exchanges. That track record likely matters for a bank-affiliated brokerage weighing which assets to support first.
What the expansion means for Solana, Avalanche and Chainlink
Solana’s reaction shows how much a distribution announcement can move a token’s price on its own. SOL climbed from a daily low near $95 to trade around $107, a jump of more than 10%, and is now the second-best performer among the ten largest tokens over the past 30 days, up 46% in that stretch, according to market data compiled by FXEmpire. The move was not driven by the Schwab news alone. Solana-linked exchange-traded funds have pulled in $105 million over the past seven days, and the network’s validators are weighing a governance proposal to cut new token issuance and burn more SOL, a change that would slow supply growth if it passes.
Chainlink and Avalanche saw smaller but still positive moves, with LINK up 4.41% on the day, per The Block’s price ticker. For the protocols themselves, a Schwab listing is a distribution story more than a technology one. Access to 39 million brokerage accounts holding a combined $12 trillion in assets gives each token a shot at retail buyers who have never opened an account on Coinbase or Kraken. Whether that turns into sustained trading volume, rather than a one-day price pop, depends on how quickly Schwab actually flips the listing on.
Access still comes with real limits
Schwab Crypto accounts are not available to residents of New York or Louisiana, and the service does not extend to US territories or international clients. Schwab also reserves the right to delay, modify or withdraw support for any announced asset based on market, regulatory or operational developments, language that leaves the “coming months” timeline soft.
The listing lands against a regulatory backdrop that has grown friendlier to bank-affiliated crypto products. The SEC sent a proposed overhaul of crypto custody rules to the White House Office of Management and Budget for review on August 25, a step that would let investment advisers and funds custody digital assets under a modernized framework. Under Chair Paul Atkins, the agency is targeting October to publish the proposal, though the timeline could still shift. A friendlier custody framework would remove one of the hurdles that has kept large brokerages cautious about how many crypto assets to list at once.
FAQ
When can Schwab clients start trading Solana, Avalanche and Chainlink?
Schwab has not set an exact date. The company said the three tokens will be available “in the coming months” and noted it may delay, modify or withdraw support for any announced asset based on market, regulatory or operational developments.
How much does Schwab charge to trade crypto?
Schwab Crypto charges 75 basis points, or 0.75%, on the dollar value of each transaction. That fee currently applies to bitcoin and ethereum trades and will extend to Solana, Avalanche and Chainlink once they go live.
Why did Solana’s price jump after the Schwab announcement?
SOL rose more than 10% in 24 hours, but traders point to more than one cause. Strong inflows into Solana-linked ETFs and a pending governance vote to reduce token issuance both added momentum alongside the Schwab news.
