Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum
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Written by
Simonas Brazionis - Updated 2026-08-29 08:53:23
Charles Schwab Expands its cryptocurrency trading offerings to include Solana, Avalanche, and Chainlink in the coming months, building on its initial foray into direct crypto trading that began in May with Bitcoin and Ethereum. The financial services giant has not yet provided a specific launch date for these new assets.
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Transaction Fees and Client Choice
Eligible clients will incur a 0.75% fee on each cryptocurrency transaction. This expansion by Charles Schwab allows clients greater choice in digital asset allocation. The firm stated that these additions align with its strategy to provide access to established cryptocurrencies, supported by educational resources and tools to facilitate informed investment decisions. Prior to offering direct trading, clients could gain crypto exposure through exchange-traded products and shares of crypto-related companies.
New Cryptocurrency Offerings
Solana is engineered for rapid, cost-effective transactions and supports various decentralized applications. Avalanche enables the development of custom blockchains for specific applications. Chainlink functions as an oracle network, connecting blockchains to external data sources, such as asset prices, for smart contracts. Charles Schwab will facilitate the buying and selling of these cryptocurrencies via its website, mobile application, and the thinkorswim trading platform. The 0.75% transaction fee is positioned by the company as competitive within the industry.
Future Crypto Market Plans
The company had indicated in 2024 its intention to enter the crypto market once regulatory clarity improved. Plans to commence with Bitcoin and Ethereum were confirmed in April 2026, followed by a phased client rollout in May. Furthermore, Charles Schwab is evaluating other digital asset products, with its CEO having previously expressed interest in exploring a dollar-pegged stablecoin, though no such product has been announced.
