EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Schwab expands cryptocurrency trading beyond Bitcoin and Ethereum

2026-08-29 00:54:30
Bookmark

Schwab announced that it will add three new cryptocurrency transactions

Financial services giant Charles Schwab said on Thursday that it plans to add Solana, Avalanche and Chainlink to its cryptocurrency trading platform in the coming months, further expanding its business beyond Bitcoin and Ethereum. The company did not announce a specific launch date.

The move comes about three months after Schwab started providing direct transaction services for bitcoin and Ethereum to some retail customers. Prior to this, customers could only have indirect access to cryptocurrencies through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not directly purchase digital assets.

Joe Vietelli, head of digital assets at Schwab, said in a statement: "Through this expansion, customers will have more options to allocate digital assets while still enjoying Schwab's trustworthy investment and banking services experience. These new varieties are in line with our consistent approach of providing customers with the cryptocurrencies they are familiar with, supplemented by education, tools, resources and support systems to help them make informed decisions and understand how cryptocurrencies can be integrated into broader investment goals."

Solana is designed for fast, low-cost transactions and supports applications in areas such as transactions, payments and games. Avalanche allows companies and developers to create customized blockchains for specific application scenarios. Chainlink is responsible for connecting blockchain with external information and providing data such as asset prices for smart contracts.

Schwab said customers will be able to buy and sell these cryptocurrencies through its official website, mobile apps and thinkorswim trading platform. There will be a fee of 75 basis points per transaction-or 0.75%, such as $7.50 for a $1000 transaction-which Schwab calls one of the lowest in the industry.

In 2024, the company said it would enter the market once U.S. regulatory policies provided a clearer path. The company confirmed plans to start with Bitcoin and Ethereum in April 2026 and open it to customers in phases in May of the same year.

The company is also considering other digital asset products. CEO Rick Voster said in 2025 that Schwab hopes to explore the launch of a stablecoin pegged to the US dollar, but no specific plans have yet been announced.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP