Charles Schwab to Add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) Trading for Retail Clients
On August 27, 2026, Charles Schwab announced plans to add trading of three major cryptocurrencies—Solana (SOL), Avalanche (AVAX), and Chainlink (LINK)—to its retail crypto platform in the coming months. The move will expand access for Schwab's 39.9 million active brokerage accounts but does not involve the firm itself holding or purchasing these tokens; rather, it enables clients to trade them directly through Schwab’s services. Schwab charges a flat fee of 0.75% per trade on its crypto platform, which is higher than fees typically seen at crypto-native exchanges like Coinbase and Kraken. While the addition signals growing institutional acceptance of digital assets, there are no projections for trading volumes or client demand in the announcement. The firm also did not specify a custody partner or exact timeline beyond “coming months.” Schwab’s broader financial performance remains strong: it reported record second-quarter net revenue and income figures, with 1.4 million new brokerage accounts opened during Q2 2026.
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