Charles Schwab Adds Solana, Avalanche and Chainlink to Schwab Crypto

Fees and Access

Each trade carries a fee of 75 basis points, or 0.75% of the dollar value. Sources differ in how they describe this: one report characterizes the rate as among the industry's lowest, a claim Schwab makes in its own release, while the other reports the rate without comparison. At that rate, a $1,000 purchase would cost $7.50 in fees and a $10,000 trade would cost $75.

Access is not universal. Eligible customers in most US states can open accounts, but residents of New York and Louisiana are excluded, and the service is unavailable in US territories and internationally. The service is offered through Charles Schwab Premier Bank, SSB, with affiliated brokerage Charles Schwab & Co. handling certain operational functions. Schwab's disclosures state that crypto holdings are not bank deposits and are not covered by FDIC or SIPC protection.

Education and Next Steps

Schwab said it offers research and commentary from the Schwab Center for Financial Research, along with crypto education through Schwab Coaching. Customers can trade through Schwab's website, mobile app and thinkorswim platform. The company said it intends to add more digital assets over time but has not named the next tokens.

Joe Vietri, Schwab's head of digital assets, said the firm is growing Schwab Crypto to give clients more options for investing in digital assets alongside their broader holdings.

Why It Matters

For Traders

Clients now can trade SOL, AVAX and LINK at Schwab with a 0.75% fee per trade, so the fee and state restrictions matter before any order is placed.

For Investors

Adding established tokens to a major brokerage signals gradual mainstream distribution of crypto exposure, though Schwab has not yet named its next assets.

For Builders

Retail access through a large brokerage widens the pool of users who can reach these networks without a separate exchange account, a distribution channel worth tracking.