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Charles Schwab to expand crypto platform with Solana, Avalanche, and Chainlink
Charles Schwab has announced plans to expand its Schwab Crypto platform by adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its existing digital asset offerings. The expansion, expected to occur in the coming months, will increase the platform's selection from two cryptocurrencies—Bitcoin and Ethereum—to five.
Joe Vietri, Head of Digital Assets at Charles Schwab, stated that the move aims to provide clients with more choices to build digital asset allocations alongside their existing investing and banking services. The new assets will be available for direct trading through Schwab.com, the Schwab Mobile app, and the thinkorswim platform.
Each cryptocurrency transaction on the platform will incur a fee of 0.75% (75 basis points) of the trade's dollar value. The service is currently available in all US states except New York and Louisiana, and is not offered in US territories or internationally. Schwab Crypto is serviced through the company's bank subsidiary, Charles Schwab Premier Bank, with execution handled by Paxos.
Entities
Avalanche · Chainlink · Charles Schwab · Joe Vietri · Solana
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] The firm charges a 0.75% fee per cryptocurrency transaction. phocapblockchain.net · bitnewsbot.com · altcoininvestor.com · blockchainreporter.net · www.nadanews.com · +6 more
- [● 13 SOURCES] Charles Schwab will add Solana, Avalanche, and Chainlink to its crypto platform in the coming months. www.crypto-reporter.com · phocapblockchain.net · bitnewsbot.com · altcoininvestor.com · blockchainreporter.net · +6 more
- [● 12 SOURCES] Bitcoin and Ethereum are currently the only cryptocurrencies available for direct trading on the platform. www.crypto-reporter.com · phocapblockchain.net · bitnewsbot.com · altcoininvestor.com · blockchainreporter.net · +6 more
- [● 3 SOURCES] In the second quarter, the brokerage reported 39.8 million active accounts and $13.1 trillion in client assets. bitnewsbot.com · www.cryptopolitan.com
- [● 3 SOURCES] The new assets will increase the planned selection of cryptocurrencies from two to five. siamblockchain.com · www.neweconomy.jp