Charles Schwab has added Chainlink, Solana and Avalanche to Schwab Crypto, expanding the service beyond Bitcoin and Ethereum. Eligible retail clients can now buy and sell all 5 assets through Schwab dot com, Schwab Mobile and thinkorswim, alongside their traditional investments. Schwab Crypto opened to all eligible retail clients in October, after an early-access rollout began in May.
The difference for clients who could already buy these tokens elsewhere is the route in: they can access them within Schwab’s existing investing platforms rather than needing to use a separate crypto venue. That’s a distribution change, not a new token launch, and it doesn’t make these assets exclusive to Schwab.
There’s a cost to that convenience. Schwab says pricing remains at 75 basis points of trade value, so the expanded menu doesn’t mean fee-free trading. Joe Vietri, Schwab’s head of digital assets, said the aim is to give clients greater choice and flexibility investing in digital assets alongside the rest of their portfolios. The concrete change is that 3 more coins now sit inside a familiar brokerage interface, taking Schwab’s direct crypto lineup from 2 assets to 5.