Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum
In brief Schwab plans to add Solana, Avalanche, and Chainlink trading “in the coming months.” Schwab Crypto began rolling out with Bitcoin and Ethereum in May. Eligible clients pay a 0.75% fee on each crypto trade.
Why It Matters
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Key Facts
- Fact 1: Eligible clients pay a 0.75% fee on each crypto trade.
- Fact 2: Each trade will carry a fee of 75 basis points—financial shorthand for 0.75%, or $7.50 on a $1,000 transaction—which Schwab described as among the industry’s lowest.
- Fact 3: In 2024, the company said it would enter the market once U.S.
- Fact 4: It confirmed plans to start with Bitcoin and Ethereum in April 2026, followed by a phased client rollout in May.
In brief Schwab plans to add Solana, Avalanche, and Chainlink trading “in the coming months.” Schwab Crypto began rolling out with Bitcoin and Ethereum in May. Eligible clients pay a 0.75% fee on each crypto trade.
Financial services giant Charles Schwab said Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform “in the coming months,” expanding beyond Bitcoin and Ethereum, though it did not give a launch date. The additions come about three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients. Before then, customers could get crypto exposure through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not buy cryptocurrencies directly.
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