A sign is posted at a Charles Schwab bank office on July 21, 2026 in Los Angeles, California.
Wall Street’s biggest brokerages have spent 2026 racing to let everyday investors buy crypto next to their stocks and retirement funds. Now the competition is moving to price.
Charles Schwab, which oversees $13.33 trillion in client assets and 40.3 million brokerage accounts as of Sept. 30, 2026, said on Nov. 9 that clients with Schwab Crypto accounts can now buy and sell Solana, Avalanche, and Chainlink.
Until now, the accounts only offered Bitcoin and Ethereum.
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Solana and Avalanche are blockchain networks that developers use to build apps and payment tools.
Chainlink is a network that feeds real-world data, like prices, into blockchains.
The company said the new tokens fit its plan to add established cryptocurrencies that match what clients are asking for.
A 75-basis-point price tag
Schwab charges 0.75% on each crypto buy and sell, with a $0.01 minimum.
That’s 75 basis points.
A basis point is one-hundredth of a percentage point. A $100 trade costs 75 cents, and a $1,000 trade costs $7.50.
The firm also says it charges no spread, which is the gap between the price to buy a coin and the price to sell it.
Schwab says it adds no markup to crypto quotes either.
Schwab calls its pricing “among the lowest in the industry,” citing an April 2026 Barclays report.
Morgan Stanley charges less, at 50 basis points, or 50 cents per $100, on its ETrade platform, which added crypto trading in May.
“We continue to expand Schwab Crypto to give clients greater choice and flexibility in how they invest in digital assets alongside their broader investments,” said Joe Vietri, Head of Digital Assets at Charles Schwab.
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Solana trades sit next to stocks on Schwab’s apps
Schwab gave some clients early access to Schwab Crypto in May 2026 and opened it to all eligible retail clients in October.
Clients trade on Schwab.com, Schwab Mobile and thinkorswim.
Trading runs nearly around the clock, apart from a monthly maintenance window of up to two hours.
Orders range from $1 to $2 million, and anything above $1 million must be a limit order, which only executes at a price the client sets.
Charles Schwab Premier Bank holds the coins, with Paxos Trust Company providing sub-custody.
Most of the crypto sits in cold storage, meaning offline wallets kept away from hackers.
Five coins, with limits
The accounts aren’t available in New York, Louisiana or U.S. territories.
Clients also can’t name a beneficiary on a Schwab Crypto account.
Schwab warns that its crypto isn’t FDIC-insured or SIPC-protected, and that investors could lose their entire principal.
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