Charles Schwab will expand its spot cryptocurrency service with three additional altcoins. The company plans to introduce Solana, Avalanche and Chainlink support in the coming months.
Schwab Crypto clients will be able to buy and sell SOL, AVAX and LINK. The platform currently provides direct access to Bitcoin and Ethereum trading.
The company did not announce an exact launch date for the three assets. Schwab also plans to expand the number of supported digital assets over time.
Once the new assets become available, the platform will support five cryptocurrencies. Clients will view them alongside their existing Schwab investments.
Charles Schwab adds three altcoins to its platform
According to Charles Schwab’s announcement, the additions include Solana, Avalanche and Chainlink. The company selected established assets that align with client demand.
Schwab Crypto began its phased rollout to retail clients in May 2026. The initial service supported only Bitcoin and Ethereum.
Joe Vietri, Head of Digital Assets at Charles Schwab, said the expansion would give clients more choices. Investors will be able to manage digital assets alongside their other investments.
Schwab Crypto is available through Schwab.com, Schwab Mobile and thinkorswim. Clients can view cryptocurrencies and traditional investments on the same platforms.
The company charges 0.75% of the dollar value of each cryptocurrency trade. Schwab also offers digital asset research and educational content.
Clients can access 24/7 support by phone or online chat. However, Schwab may delay support for any announced asset when necessary.
The company could base such a decision on regulatory, operational, market or risk-related developments. Schwab may also modify or withdraw support under the same conditions.
Schwab’s banking division holds the crypto assets
Schwab Crypto operates through an account separate from a standard brokerage account. The crypto account links directly to the client’s existing Schwab brokerage account.
Charles Schwab Premier Bank acts as the custodian of client digital assets. Paxos provides sub-custody and trade execution services.
Paxos operates under the oversight of the US Office of the Comptroller of the Currency. Schwab uses this infrastructure to integrate cryptocurrency trading with its traditional financial platforms.
Cryptocurrencies held through the service do not qualify as deposits. They therefore receive no FDIC insurance or SIPC investor protection.
Schwab Crypto accounts are available in every US state except New York and Louisiana. The service is unavailable in US territories and international jurisdictions.
The company also notes that every client may not qualify for an account. Charles Schwab Premier Bank reviews each application.
Schwab serves nearly 40 million brokerage accounts
Charles Schwab’s July figures demonstrate the company’s scale. The firm had 39.9 million active brokerage accounts as of July 31.
Total client assets reached $13.04 trillion during the same period. This scale could give the new altcoins access to a broad investor base.
Schwab previously said its clients held approximately 20% of spot cryptocurrency exchange-traded products. The company has started addressing this demand through direct spot trading.
The announcement coincided with gains across all three cryptocurrencies. Market data showed SOL trading near $104.50 at the time of writing.
SOL gained approximately 8.5% over the previous 24 hours. LINK climbed 4.7% to reach $11.80.
AVAX rose 1.8% and traded near $7.43. The broader cryptocurrency market also remained positive during the same period.
