Charles Schwab: Brokerage Expands Digital Assets With Planned Solana Trading Access

Charles Schwab’s careful expansion of supported tokens contrasts with the double-digit price advance Solana posted on the same day the firm disclosed its plans.

Charles Schwab on Thursday, Aug. 27, 2026 announced plans to add Solana (SOL) to Schwab Crypto so clients can buy and sell it in the coming months. Schwab Crypto, rolling out since May 2026, already offers bitcoin and ethereum. Joe Vietri, Head of Digital Assets, said the expansion gives clients more choices alongside Schwab’s investing and banking experience. This is the Thursday Schwab Crypto SOL add.

Price Action on the Day

Solana printed a strong green candle on August 27, rising 12.35 percent to close at 107.29 according to CoinGecko data. The move outpaced gains across the majors, with bitcoin advancing 3.66 percent to 80,617 and ethereum climbing 3.50 percent to 2,524.15. The broader market showed positive candles as well, though Solana led the session on news flow tied to traditional brokerage access. Traders watching the chart noted the token holding above 100 throughout the day before accelerating in the final hours.

The price response occurred even though Solana remains unavailable for trading inside Schwab Crypto today. The announcement alone appeared sufficient to draw fresh attention to spot SOL, with volume concentrated in existing venues rather than the brokerage platform that has yet to list the asset.

Platform Rollout Details

Schwab Crypto launched its initial offering of bitcoin and ethereum in May 2026 through Charles Schwab Premier Bank, SSB. The service carries a stated fee of 75 basis points. Accounts are available in every U.S. state except New York and Louisiana and are not offered in U.S. territories or outside the country. The firm has stated it may still adjust timing, modify features, or withdraw support for any asset before or after launch.

The decision to add Solana follows months of platform testing and client feedback on the first two tokens. The coming-months timeline means operators should expect the new pair to appear alongside the existing bitcoin and ethereum markets once internal checks conclude, rather than on an immediate schedule.

Market Context

The August 27 price action placed Solana at the top of the session leaderboard among larger assets. While bitcoin and ethereum also closed higher, their percentage gains remained in the low single digits. The relative strength in SOL aligned with broader interest in altcoin exposure through established financial channels. Charts showed Solana maintaining support above recent lows before the announcement-driven push higher.

Operators following the story can track subsequent candles for signs of follow-through once the listing date draws closer. The current advance reflects positioning ahead of expanded access rather than live trading inside the Schwab environment.

Availability and Next Steps

Clients outside the restricted states can review account eligibility through existing Schwab channels. Pricing will remain at the 75 basis point level once Solana becomes tradable. The platform continues to emphasize integration with traditional brokerage and banking tools, giving users a single interface for both conventional and digital assets.

The story centers on the measured pace of the rollout and the price response that accompanied the August 27 disclosure. Further updates will depend on Schwab’s internal timeline for the addition.