Schwab Crypto to Expand with SOL, AVAX, and LINK

Charles Schwab is set to expand its crypto trading platform, Schwab Crypto, by adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) in the coming months. The platform, which began its rollout in May, currently offers trading of Bitcoin and Ether, and the upcoming additions will increase the direct-trading options to five tokens.

Schwab has not specified an exact launch date for these new tokens, but the move indicates a growing interest among traditional financial institutions in offering a broader range of cryptocurrencies to retail investors. The expansion aims to provide clients with more diversified options within their crypto portfolios.

In addition to the retail platform expansion, Schwab is also targeting a separate crypto advisory service for institutional and high-net-worth clients, with a planned launch targeted for mid-2027. This service will likely offer tailored investment advice and management for a wider array of digital assets.

The move by Schwab reflects a broader trend of traditional financial firms integrating cryptocurrencies into their service offerings, responding to increasing demand from retail and institutional investors for access to digital assets.