Key Notes
- Schwab now lists Solana, Avalanche and Chainlink as available alongside Bitcoin and Ether in its crypto accounts.
- External transfers for SOL, AVAX and LINK remain unavailable, while Bitcoin and Ether transfers are in beta.
- The roughly thirteen trillion dollar figure refers to total client assets across Schwab, not crypto holdings.
Charles Schwab has expanded its cryptocurrency accounts to include Solana, Avalanche and Chainlink, moving beyond the Bitcoin and Ether offering that launched earlier this year. Its current product page lists all five assets as available for clients to buy, hold and sell.
The expansion brings SOL, AVAX and LINK into a financial platform that reported $13.33 trillion in total client assets at September 30. That figure covers Schwab’s broader business. It does not represent cryptocurrency holdings or money committed to purchasing the newly supported tokens.
Five Cryptocurrencies Are Now Available
Schwab’s crypto offering now includes the three additions alongside BTC and ETH. The page does not provide a precise activation date for the expanded lineup.
The company had outlined the move in an August announcement, saying the additional assets would become available in the coming months. The current availability listing takes that plan beyond an expression of intent.
CoinScreamer covered Schwab’s earlier rollout in October, when Bitcoin and Ether access had reached eligible retail clients. At that point, the additional cryptocurrencies were still part of the company’s planned expansion.
Schwab’s scale gives the development significance beyond the number of tokens listed. Its October 15 quarterly results reported 40.3 million active brokerage accounts. Those accounts are not a count of crypto users, and the company’s asset total alone provides no measure of demand for SOL, AVAX or LINK.
Separate Accounts, Familiar Trading Platforms
Direct cryptocurrency holdings sit in a separate Schwab Crypto account at Charles Schwab Premier Bank, SSB, linked to an eligible brokerage account. Clients can access supported crypto through Schwab.com, the Schwab Mobile app and thinkorswim.
The company advertises a fee of 0.75% of trade value and no added markup on crypto quotes. Market, limit, stop and stop-limit orders are available, with orders entered in dollars or coin amounts.
The structure keeps the crypto account separate while placing it within interfaces clients already use for other investments. It expands the range of assets accessible through those tools without requiring every brokerage customer to participate.
Trading Access Does Not Yet Include Token Transfers
Schwab’s account terms list maximum orders of $1 million for each of SOL, AVAX and LINK. Each has a $10 million position limit based on invested cost rather than the changing market value of the holding.
External deposits and withdrawals for the three additions remain unavailable. Bitcoin and Ether transfers are listed as beta features and are being enabled in phases. Buying a supported asset therefore does not necessarily provide the ability to send it to a personal wallet.
Trading is available nearly around the clock, subject to maintenance windows. Crypto accounts do not support margin, and cryptocurrency holdings are neither FDIC insured nor SIPC protected.
Eligibility restrictions also remain. Schwab excludes New York and Louisiana, U.S. territories and international jurisdictions from these accounts. For eligible clients, the practical change is a broader choice of directly held cryptocurrencies within Schwab’s existing trading environment.
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