Solana, Avalanche, Chainlink see gains as Charles Schwab plans to roll out spot trading products | FXStreet
Charles Schwab plans to add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform. SOL, LINK, and AVAX prices rose 13%, 6%, and 4% respectively following the announcement. Schwab Crypto already supports Bitcoin (BTC) and Ethereum (ETH) trading. The firm charges 75 basis points per trade, among the lowest in the industry.
How this was made
The 30-second read
Why it matters
The addition is likely to increase trading volume and liquidity for SOL, AVAX, and LINK, driving short‑term price gains.
Market read
New brokerage access for three major altcoins is a fresh catalyst, offering traders a concrete entry point and likely short‑term price upside.
What to watch
Schwab's 75 bps fee may limit appeal compared to lower‑cost platforms.
Background
Charles Schwab is expanding its crypto platform, previously limited to Bitcoin and Ethereum, to include three popular altcoins.
Ticker impact
Schwab announced spot trading for Solana, causing SOL to jump 13% on the news.
Short-term upside, potential 5‑10% gain over the next week.
New brokerage offering expands liquidity and retail exposure, historically boosts price.
Schwab added Avalanche to its platform, lifting AVAX 6% after the announcement.
Potential 3‑6% gain in the short term.
Spot trading on a major broker lowers friction, attracting new capital.
Chainlink was added to Schwab Crypto, pushing LINK up 4% on the news.
Possible 2‑5% rise over the next few days.
Access via Schwab broadens investor base, supporting price.
Market effects
Expands crypto brokerage services, may pressure competitors to add similar offerings.
U.S. retail investors gain direct spot access, boosting domestic crypto demand.
Highlights growing institutional acceptance of major altcoins worldwide.
Counterpoint
Increased exposure could attract regulatory scrutiny, potentially dampening upside.
Key entities
- Financial InstitutionCharles Schwab
U.S. brokerage launching spot trading for three altcoins.
- CryptocurrencySolana
Altcoin added to Schwab Crypto, up 13% on news.
- CryptocurrencyAvalanche
Altcoin added to Schwab Crypto, up 6% on news.
- CryptocurrencyChainlink
Altcoin added to Schwab Crypto, up 4% on news.
