Charles Schwab opens Solana, Avalanche and Chainlink trading to US clients

Schwab Crypto began with just bitcoin and ether, letting brokerage clients trade coins inside the same account that holds their stocks rather than opening a separate exchange account. In late August, Schwab said it planned to list Solana, Avalanche and Chainlink but gave no date for the move. Monday's rollout completes that plan, taking the platform to five digital assets and placing Schwab alongside Coinbase, Robinhood and Fidelity in offering direct crypto access through a traditional brokerage.

Eligible Schwab clients can now buy and sell SOL, AVAX and LINK in the same account that holds their stocks and bonds, without transferring funds to a separate exchange. Each trade costs 0.75%, well above many crypto-native venues, and the platform offers no staking, so holders earn no yield on the tokens. Residents of New York and Louisiana remain locked out, unable to open Schwab Crypto accounts regardless of eligibility elsewhere.

Bringing Solana, Avalanche and Chainlink into a mainstream brokerage extends crypto trading to investors who would never set up a wallet or exchange account, a convenience that favors reach over cost. But a 0.75% fee and no staking option expose the trade-off: Schwab clients get custody and regulatory comfort, not the yield or control that holding these tokens directly allows. The arrangement looks less like crypto adoption than crypto repackaged for traditional finance.

Watch whether Schwab extends its five-token model to staking or to assets beyond Solana, Avalanche and Chainlink, and whether New York and Louisiana regulators grant the approvals needed to lift their state-level restrictions. A move toward yield products would test how far a conventional brokerage is willing to take on crypto-native features, rather than simply adding tokens that eligible clients can buy and sell. (per crypto.news)

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