Charles Schwab added solana, avalanche and chainlink to Schwab Crypto on 9 November 2026, taking the number of tokens its retail clients can buy and sell directly to five alongside bitcoin and ethereum. Fintechbits compared Schwab Crypto’s 75 basis point charge with Fidelity Crypto, where Fidelity Digital Assets charges a 1% fee on buys and sells, so a $10,000 trade costs $75 at Schwab against $100 at Fidelity. The Schwab announcement says the service began rolling out in May 2026 and reached all eligible retail clients in October.

What Schwab Crypto Offers After the Expansion

Schwab Crypto clients can trade five assets: bitcoin, ethereum, solana, avalanche and chainlink. Clients see crypto next to their stocks and funds across Schwab.com, Schwab Mobile and thinkorswim, and get the same phone and chat support as the rest of the brokerage. Joe Vietri, Head of Digital Assets at Charles Schwab, said the company will “continue to expand Schwab Crypto to give clients greater choice and flexibility in how they invest in digital assets alongside their broader investments.”

The legal wrapper is worth reading. Schwab Crypto accounts are offered by Charles Schwab Premier Bank, SSB, not by the broker-dealer, so the coins are not securities, are not SIPC protected and are not FDIC insured. Schwab also reserves the right to “delay, modify, or withdraw support for any announced asset based on market, regulatory, operational, or risk-related developments.” Clients who move to an unsupported state can have accounts restricted or closed.

Fintechbits covered the Schwab Crypto rollout alongside the company’s second-quarter results, when the offer covered bitcoin and ethereum only. The expansion lands three months after that piece and about a month after general availability.

How Schwab Crypto Pricing Stacks Up

Schwab describes its 75 basis point charge as “among the lowest in the industry.” Against Fidelity, the closest like-for-like rival, the claim holds. Fidelity Digital Assets charges 1% of the market value of each executed order, and its help pages show that the fee was folded into the price as a spread on trades before 4 December 2025. A client who moves $10,000 into solana pays $75 at Schwab and $100 at Fidelity, then pays the same again on the way out.

The comparison has limits. Seventy-five basis points is still expensive next to the maker and taker fees on dedicated crypto exchanges for active traders, and Schwab’s price applies per trade with no volume tiers disclosed in the announcement. Schwab’s target is the client who already holds a brokerage account and would rather not open a second app or move money to an exchange, and that client is less price sensitive than an active trader.

Fintechbits analysis

Why Schwab Crypto’s Token Choices Matter More Than the Count

Five tokens is a short list, and which five matters more than how many. Solana, avalanche and chainlink are long-established networks with years of trading history, and none is a meme coin. Schwab is building a menu a compliance committee can defend, which fits a bank-issued product with a written right to drop any asset. Expect additions to follow the same rule: established networks with deep liquidity and a clear regulatory reading.

The bigger shift is where crypto sits inside the largest US retail brokerages. Schwab offering spot tokens at 75 basis points from a bank subsidiary makes crypto one more line on a statement rather than a separate account at a separate firm. That is the same direction Schwab has taken with its Charley generative AI assistant for retail clients: keep the client inside one login.

The open risk is regulatory. Because the coins sit in a state savings bank rather than a broker-dealer, the protections clients assume at Schwab do not apply, and that disclosure is in small print at the bottom of the release.

Frequently asked questions

Which tokens can you trade on Schwab Crypto?

Schwab Crypto clients can buy and sell bitcoin, ethereum, solana, avalanche and chainlink. Solana, avalanche and chainlink were added on 9 November 2026, according to Schwab.

How much does Schwab Crypto charge per trade?

Schwab charges 75 basis points on the dollar value of each trade. Fidelity Digital Assets charges 1% on buys and sells in Fidelity Crypto accounts, according to Fidelity’s own help pages.

Is Schwab Crypto available in every state?

No. Schwab Crypto accounts are available in all US states except New York and Louisiana, and not in US territories or outside the US. Accounts may be restricted or closed if a client moves to an unsupported jurisdiction.

What to Watch Next

Schwab says it will add more cryptocurrencies and digital assets over time. The next useful data point is the company’s fourth-quarter 2026 results, where any figure for crypto client assets or trading revenue would show whether a 75 basis point bank-issued product is pulling assets away from Fidelity and the dedicated exchanges, or simply giving existing clients a convenient place to hold a small position.