Charles Schwab said Thursday it will add Solana, Avalanche, and Chainlink to Schwab Crypto, expanding the brokerage's spot offering beyond Bitcoin and ether just three months after the product went live. Clients will be able to buy and sell the three tokens in coming months. The firm did not name a launch date, and it reserved the right to delay, modify, or withdraw the listings based on market, regulatory, or operational conditions.
The distribution is the story. Schwab oversees more than $12 trillion in client assets across about 39 million brokerage accounts. Schwab Crypto already sits inside the same website, mobile app, and thinkorswim stack that those clients use for stocks and funds. SOL jumped more than 8% on the news, trading around $107, with AVAX and LINK adding a few percent in the hour after the release. Large-cap altcoins as a group averaged about 4.5% overnight.
What is in, and what is not
Schwab described the picks as established cryptocurrencies that match client demand. The crypto community immediately noted what was missing: XRP, and newer names such as HYPE. The firm said it plans to add more assets over time. Trading fees are 0.75% per transaction. Crypto balances are not covered by FDIC or SIPC insurance. External wallet withdrawals and staking have not been confirmed, which matters for Solana holders who treat yield as part of the product.
The listing is still a signal. A traditional broker the size of Schwab putting SOL, AVAX, and LINK on the same ticket as Bitcoin and ether tells retail clients that those three names have cleared an internal risk screen. It also puts pressure on rivals that still stop at the two majors. For the broader plumbing story, see how institutions have been expanding custody rails this month.
What clients should check before they click buy
Availability in "coming months" is not a listing. Until Schwab publishes a go-live date, the price move is a positioning trade, not a flow event. Clients should confirm whether they can move coins off the platform, whether staking is offered, and how order types and pricing work, none of which were in Thursday's note. A 0.75% round trip is also expensive relative to dedicated crypto venues, which is the trade-off for keeping the position next to a brokerage IRA.