Charles Schwab expands crypto trading options
6.7 Investments Charles Schwab now offers Solana, Avalanche, and Chainlink trading, expanding its crypto lineup to five assets. Eligible clients can trade with a 0.75% fee per transaction.
Charles Schwab has expanded its Schwab Crypto platform to support trading for Solana (SOL), Avalanche (AVAX), and Chainlink (LINK), in addition to Bitcoin and Ethereum. This update increases the total number of tradable cryptocurrencies on the platform to five. Eligible clients can buy and sell these digital assets via Schwab's website, mobile app, and thinkorswim platform, with each trade subject to a 0.75% fee. However, the service is not available to residents of New York, Louisiana, U.S. territories, or international jurisdictions. Schwab stated that the expansion responds to client demand for more established cryptocurrencies and hinted at plans to further broaden its digital asset offerings. The platform does not support staking, and crypto holdings are not insured by FDIC or SIPC. Schwab also offers educational resources to help clients understand digital assets and their role in investment portfolios.
