Charles Schwab Adds Solana, Avalanche, and Chainlink to Its Crypto Offering

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August 29, 2026 4 min read

Charles Schwab Opens Its Crypto Platform to Solana, Avalanche, and Chainlink

On August 27, 2026, Charles Schwab announced its intention to add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform. The three assets will be available for buying and selling in the coming months for clients of the American brokerage.

Launched in May 2026, Schwab Crypto previously offered direct access only to Bitcoin (BTC) and Ethereum (ETH). However, the service applies a fee of 0.75% on the dollar value of each transaction, a rate that the group presents as among the lowest in the industry.

"With this extension [to Solana, Avalanche, and Chainlink], clients will have more choices to build a digital asset allocation alongside the investment experience they know at Schwab. (...) These additions are part of our effort to provide our clients access to cryptocurrencies they are familiar with, supported by an ecosystem of training, tools, resources, and assistance to help them make informed decisions about how cryptocurrencies might fit into their overall investment goals."
Joe Vietri, Head of Digital Assets
We are planning to expand the digital assets available on Schwab Crypto™. Soon, clients will be able to buy and sell Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) in their Schwab Crypto accounts

Sign up for updates and a chance to get early access: https://t.co/lYIbaTdcc9 pic.twitter.com/se19gqv3io

--- Charles Schwab Corp (@CharlesSchwab) August 27, 2026

Transactions on SOL, AVAX, and LINK with fees among the lowest in the industry?

The famous American brokerage thus shows a fee of 0.75% on each transaction, but competition is fierce, and driving fees down is a real battle. Fidelity Crypto, for example, applies a fixed spread of 1%, with no additional commission.

On the Coinbase Advanced side, the fee drops to 0.60% in maker/taker, with no spread. For Robinhood, even though the brokerage claims zero commission, it earns through a spread ranging from 0.35% to 0.85% on major cryptocurrencies.

Charles Schwab is indeed quite competitive, especially compared to Fidelity, but it remains more expensive than Robinhood and Coinbase Advanced. The positioning among the lowest is especially valid against traditional brokerage platforms, less so against platforms specialized in cryptos. Easily buy Solana crypto with Bitpanda

Wall Street Continues to Open Its Doors to Cryptos

The decision to expand by the brokerage giant is far from trivial. Charles Schwab oversees more than $13 trillion in client assets, within nearly 40 million active brokerage accounts. For SOL, AVAX, and LINK, access to this base of investors represents a massive distribution channel. Additionally, it caters to an audience accustomed to traditional financial services, who tend not to open accounts on crypto-native platforms like Coinbase or Kraken.

The historic broker, however, adopts a cautious approach. While Coinbase and Robinhood list dozens of digital assets, Schwab has chosen to start with more established cryptocurrencies, with a minimum overall valuation. As of the time of writing, Solana is valued at approximately $61.5 billion, Chainlink at $8.8 billion, and Avalanche at $3.2 billion.

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Schwab arrives after Fidelity and Morgan Stanley in the race for retail clients

In the spot trading segment of cryptocurrencies for retail investors, Charles Schwab is not leading the way on Wall Street; rather, the group is trying to catch up with the pioneers. Fidelity added Solana to its offering for retail clients as early as October 2025, alongside Bitcoin, Ethereum, and Litecoin (LTC), all of which have been supported since 2023.

E*Trade, a subsidiary of Morgan Stanley, launched its own spot trading for BTC, ETH, and SOL in July 2026 through a partnership with Zerohash, at an aggressive rate of 0.50% on transactions.

The picture is even broader in the adoption of cryptocurrencies by Wall Street when looking at asset management and infrastructure. BlackRock dominates indirect exposure to BTC with its iShares Bitcoin Trust (IBIT), which has over $63 billion in assets under management and concentrates more than half of the assets of Bitcoin ETFs listed in the United States.

BNY Mellon, the largest global custodian bank with $59 trillion in assets under custody, has positioned itself upstream in the institutional custody of Bitcoin and Ethereum.

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No staking at Schwab: a missed opportunity for clients?

Schwab Crypto's offering is limited to buying and selling spot, with no option to stake tokens. However, SOL and AVAX are two assets where a significant portion of the yield comes precisely from this mechanism. The native staking of Solana currently yields between 6% and 7% APY (actual yield rate), while AVAX shows a yield of around 6.5%.

With an additional fee of 0.75% per transaction, the missed earnings become real. A Schwab Crypto client holding SOL thus forgoes several percentage points of annual yield compared to a Coinbase user or a direct holder who stakes these digital assets.

Moreover, while the service remains available in almost all U.S. states (except New York and Louisiana), Schwab Crypto is not accessible outside the United States.

👉 On the same topic -- Allocating 6.9% of assets to Bitcoin: Charles Schwab's recommendation

The broker states that it will continue to add other cryptocurrencies to its platform over time, without providing a specific timeline or hints about future available assets. This announcement from Charles Schwab confirms a fundamental trend: major players in traditional finance are increasingly integrating cryptocurrencies into their services, which helps legitimize the young asset class, particularly among traditional investors.

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Source: Charles Schwab
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Rémy Rencurel

29 articles
Already intrigued by Bitcoin and blockchain technology since 2013, I became a professional in the field by becoming, since 2018, a specialized writer in crypto news. I have followed the crypto sphere through its cycles, from amateur mining in the early days to the gradual structuring of the sector. Now independent, I cover crypto news, financial markets, and regulation.
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