Schwab Expands Crypto Offerings
Charles Schwab, a leading financial services provider, has announced plans to expand its cryptocurrency trading platform by adding Solana, Avalanche, and Chainlink in the coming months. This move broadens its current offerings, which initially included only Bitcoin and Ethereum since launching its crypto services in May.
Previously, customers had access to cryptocurrencies only through exchange-traded products or shares of companies in the crypto sector, without the ability to buy digital currencies directly. Joe Vietri, Schwab’s head of digital assets, emphasized that this expansion aims to enhance client options for building a digital asset portfolio within the firm’s secure investing environment. "These additions align with our strategy to offer clients access to well-known cryptocurrencies supported by a comprehensive ecosystem of education and resources," he stated.
Clients will be able to trade these new cryptocurrencies through Schwab’s online platform, mobile app, and the thinkorswim trading platform. Each transaction will carry a fee of 0.75%, which Schwab touts as competitive within the industry.
