Charles Schwab Plans to Add Solana, Avalanche, and Chainlink to Its Young Crypto Platform
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U.S. financial services giant Charles Schwab plans to add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its cryptocurrency trading platform in the coming months, expanding its direct offering beyond Bitcoin (BTC) and Ether (ETH). Schwab Crypto began rolling out to retail clients in May, initially offering direct trading of Bitcoin and Ether alongside traditional investments via Schwab's website, mobile app, and the thinkorswim platform. The brokerage firm had indicated it planned to add more cryptocurrencies and digital assets over time, but did not specify which assets it was considering or provide a timeline beyond the three newly announced tokens. Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto transaction. The service is available in all U.S. states except New York and Louisiana, and is not offered in U.S. territories or internationally. Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with affiliated brokerage firm Charles Schwab & Co. performing certain operational functions on behalf of the bank. Read also: Morgan Stanley takes on crypto trading rivals with E*Trade pilot project Schwab Enters Prediction Markets Schwab's expansion into cryptocurrencies comes as the financial services company ventures into other new trading products. In June, The Wall Street Journal reported that Schwab planned to offer...
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