Charles Schwab announced on August 27 the addition of spot trading for Solana, Avalanche, and Chainlink on its Schwab Crypto platform, expanding from two to five available tokens. The platform, launched in May with Bitcoin and Ethereum only, charges 0.75% per trade and uses Paxos infrastructure for order execution. This expansion targets approximately 40 million active brokerage accounts and $13.1 trillion in client assets. Schwab clients already account for roughly 20% of the spot crypto exchange-traded product market. Following the announcement, SOL price surged more than 9% in 24 hours.
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