Charles Schwab Now Lets Clients Trade Solana, Avalanche and Chainlink. Which Coin Could Gain the Most From Wall Street Access?
Charles Schwab (SCHW) now allows clients to trade Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) via Schwab Crypto. Previously, only Bitcoin and Ethereum were available. AVAX, SOL, and LINK have shown varied price reactions. Schwab has 40.3 million active brokerage accounts and charges 0.75% per crypto trade. The firm's shares are up 1.8% on the day.
How this was made
The 30-second read
Why it matters
For SCHW, the key trading question is whether expanded spot access translates into higher crypto trading volumes and disclosed demand metrics in the next Schwab report. For SOL, AVAX, and LINK, the key near-term signal is whether Schwab access coincides with sustained strength versus the article’s cited 50-day moving-average thresholds.
Market read
This is a distribution-rail expansion story with immediate same-day coin reactions and a forward-looking check via Schwab’s next earnings for volumes and custody details.
What to watch
Attribution is blurred for AVAX due to same-day ledger-related news; also, Schwab’s fee is earned regardless of which coin performs well, so coin-specific outperformance may not persist without measurable trading-volume data.
Background
Schwab Crypto previously limited spot trading to Bitcoin and Ethereum, then expanded access to Solana, Avalanche, and Chainlink (early access in May, broader retail opening in October).
Ticker impact
Charles Schwab says clients can now trade Solana, Avalanche, and Chainlink via Schwab Crypto accounts, expanding beyond Bitcoin and Ethereum.
Shares may see modest support as investors price incremental trading-revenue potential from broader crypto access.
The article is specific about the product expansion and timing (early access in May, retail opening in October), but it does not provide crypto user counts, volumes, or a custody partner, limiting conviction.
Solana is added to Schwab Crypto for spot trading, and the article notes SOL is down about 2.1% over the past 24 hours after the announcement.
Likely range-bound to slightly pressured price action unless Schwab-driven flows show up in volume or SOL reclaims key moving-average levels cited in the article.
The piece provides the same-day/24h move and a technical trigger (50-day moving average), but it also states demand metrics are not disclosed.
Avalanche is added to Schwab Crypto for spot trading, and the article reports AVAX is up about 8.9% over the past 24 hours.
AVAX may outperform on continued Schwab-access narrative if it holds strength and moves back above the article’s cited 50-day moving average.
The article explicitly links Schwab access to a potential price signal (50-day average) and also notes separate ledger-related news, creating both upside framing and attribution risk.
Chainlink is added to Schwab Crypto for spot trading, and the article says LINK is up about 0.3% over the past 24 hours with no separate news on Nov. 9.
Likely lag unless Schwab-driven participation becomes visible via volume or LINK reclaims the article’s cited 50-day moving average.
The article provides the immediate price reaction and notes absence of separate news, but it does not provide flow or user-demand data.
Market effects
Adds another major US brokerage distribution channel for spot crypto, potentially improving retail access and liquidity narratives for large-cap altcoins.
US retail brokerage channel expansion may shift incremental demand toward coins available on Schwab, with NY and Louisiana exclusions limiting reach.
Reinforces the broader Wall Street trend of expanding spot-crypto brokerage rails, which can influence global sentiment toward tokenization and oracle/ledger ecosystems.
Counterpoint
The article itself notes Schwab does not disclose crypto user counts, volumes, or a custody partner, so the price reaction may be driven more by broader crypto tape than by Schwab-driven flows.
Key entities
- companyCharles Schwab
Announced Schwab Crypto spot trading expansion to Solana, Avalanche, and Chainlink.
- cryptoSolana
Added to Schwab Crypto for spot trading; article notes SOL is down about 2.1% over 24 hours.
- cryptoAvalanche
Added to Schwab Crypto for spot trading; article notes AVAX is up about 8.9% over 24 hours and cites same-day external ledger news.
- cryptoChainlink
Added to Schwab Crypto for spot trading; article notes LINK is up about 0.3% over 24 hours with no separate Nov. 9 news.
