Charles Schwab Expands Crypto Offerings With Solana and Avalanche
The brokerage adds Solana, Avalanche, and Chainlink to its trading service amid a slowdown in sector transaction volumes.
Charles Schwab has added Solana, Avalanche, and Chainlink to its direct digital asset trading platform. The change took effect on November 9 and brought the total number of cryptocurrencies available to the brokerage's clients to five.
This expansion comes during a period of declining trading activity across various global platforms. Recent data shows a drop in the number of active users and a reduction in financial volume for operations at major market brokerages.
Coinbase recorded an average of 7.4 million monthly transacting users in the third quarter. This figure represents a decline compared to the 9.3 million observed during the same period last year.
Other institutions are also adjusting their offerings to attract the public. Fidelity maintains a list featuring Bitcoin, Ethereum, Litecoin, and Solana, while SoFi has begun a gradual rollout of crypto services within its main application.
The current landscape reflects a shift in investor behavior. While the financial volume per transaction has fallen significantly on platforms like eToro, the number of funded accounts has shown growth in certain specific cases.
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