Charles Schwab has added three new tokens to its retail crypto service. Eligible clients can now trade Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) through Schwab Crypto. The tokens join Bitcoin and Ethereum, which brings the lineup to five assets. Schwab announced the change on November 9, 2026. The firm reports $13.3 trillion in client assets and 40 million brokerage accounts. As a result, the Schwab Crypto Solana Avalanche Chainlink listing gives these three networks a direct line to one of the largest retail investor bases in the United States.
🏛️ BREAKING: Charles Schwab adds Solana (solana:So11111111111111111111111111111111111111112), Avalanche ($AVAX), and Chainlink ($LINK). The assets join $BTC and $ETH for trading on Schwab Crypto. Charles Schwab has $13.3 trillion in client assets and 40 million brokerage accounts.
— Generation Infinity (@Genfinity) November 9, 2026
What Schwab Launched
Clients can buy and sell the new tokens as dollar pairs: SOL/USD, AVAX/USD and LINK/USD. They trade through Schwab.com, the Schwab mobile app and the thinkorswim platform. Importantly, clients do not need a separate exchange account. The tokens sit next to stocks, ETFs and retirement holdings in the same login. Schwab Crypto runs through Charles Schwab Premier Bank, SSB, while an affiliate handles certain operational functions. Joe Vietri, Schwab’s head of digital assets, said the firm continues to expand the service to give clients greater choice and flexibility.
A Slow Rollout That Kept Its Schedule
Schwab did not rush into spot crypto. Direct Bitcoin and Ethereum trading began reaching selected clients in the spring of 2026. The service then opened to all eligible retail clients in October. Meanwhile, Schwab named Solana, Avalanche and Chainlink as planned listings in late August and promised them in the coming months. CEO Rick Wurster later said on the third-quarter earnings call that the firm would launch three new coins by year-end. Schwab delivered that promise nearly two months early. This pattern gives clients a signal that the firm plans to list assets in small, announced batches.
Why These Three Tokens
Schwab says it favors established assets that match client demand. The firm has not published a formal selection framework beyond that language. Still, each token covers a distinct part of the crypto market. Solana is a high-throughput Layer-1 network that attracts payments, stablecoin and tokenization projects. Avalanche runs a Layer-1 with custom subnets, and institutions have used it for tokenized assets. Chainlink supplies oracle and cross-chain infrastructure, so it works as a different kind of bet than a base-layer coin. Together, the three tokens let clients move beyond the Bitcoin and Ethereum pair without leaving a familiar brokerage.
The Economics Behind the Move
Schwab charges 75 basis points on every trade. A $1,000 purchase therefore costs $7.50. Wurster has described crypto as a source of transaction-based revenue, alongside areas such as prediction markets. In contrast, Schwab built much of its business on commission-free stock trading, so a per-trade crypto fee marks a shift. The client numbers show why the firm cares. In August, Schwab reported about $12 trillion in client assets and 39 million active accounts. By the November announcement, those figures had grown to $13.3 trillion and 40 million. Even a small share of those clients trading crypto could produce meaningful fee income.
Limits and Competition
Schwab Crypto still trails crypto-native venues on breadth. Coinbase and Robinhood both list far more assets. Additionally, E*TRADE from Morgan Stanley reportedly launched spot Bitcoin, Ether and Solana trading in July at 50 basis points through Zerohash. That reported price undercuts Schwab’s fee. Availability also has gaps. The service excludes New York, Louisiana, US territories and international clients. Furthermore, crypto holdings are not bank deposits and carry no FDIC or SIPC coverage. Schwab has not named a custody partner for the new tokens, and it reserves the right to delay, change or withdraw support for any asset.
What Comes Next
Schwab says it plans to add more tokens and digital asset products over time. However, it has not named the next listings. Observers will watch whether the firm adds assets at the same measured pace. Advisors who work through Schwab’s RIA channel reportedly face a separate timeline, with spot trading and custody targeted for mid-2027. For the three networks, the listing offers distribution rather than guaranteed demand. Notably, Schwab’s clients have to choose to buy. The real test will come from trading volume over the next few quarters.
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