Crypto News: Schwab Opens Crypto Trading to 39.9 Million…

Charles Schwab has widened its cryptocurrency offering to three additional tokens, giving its 39.9 million account holders the ability to hold Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) alongside conventional stocks and bonds, according to a Decrypt report. The expansion, announced on August 27, carries a 0.75% trading fee that the brokerage describes as among the lowest in the industry.

The move comes only months after Schwab's May rollout of direct Bitcoin and Ethereum trading and a June launch of 24/7 crypto futures. With the latest addition, the $13 trillion firm is positioning itself squarely against dedicated crypto exchanges, letting clients execute digital-asset trades through the same interface they already use for equities.

Competitive pressure and market backdrop

Schwab framed the expansion as a response to client demand rather than a strategic pivot, and the company has indicated that further assets are planned. By folding crypto into its existing brokerage screen, the firm removes much of the friction that has historically separated traditional accounts from digital-asset venues.

The announcement lands in a market that has been moving quickly. Ethereum was trading near $2,459, up roughly 29% from its July low, according to CoinMarketCap, while Bitcoin held above $79,000. The crypto Fear and Greed Index climbed from 30 to 82 in under two weeks, a swing from fear into extreme greed that illustrates how sensitive digital-asset prices have become to institutional news flow.

For a brokerage of Schwab's scale, the change means millions of mainstream investors can now access a broader set of tokens without opening an account at a crypto-native platform. That reach matters for liquidity and for how quickly headline-driven flows move across the market during a single session.

The company has not specified which tokens might follow, though it has confirmed that additional listings are under consideration. Schwab's gradual build-out — spot trading first, then derivatives, now a wider token menu — suggests the firm intends to keep pace with client demand rather than treat crypto as a one-off product line.