Schwab adds Solana, Avalanche and Chainlink as crypto trading slows

Charles Schwab added Solana, Avalanche and Chainlink to its direct crypto trading service on Nov. 9, giving customers five assets to trade just as the industry's latest disclosures show fewer active users on some platforms and smaller trades on others.Coinbase's monthly transacting users averaged 7.4 million in the third quarter, down from 9.3 million a year earlier.Banks and brokerages could win existing holders' business without expanding overall participation, while easier access can redistribute trading revenue even when the overall market is subdued.Schwab's token additions follow early access in May and a rollout to all eligible retail clients in October. Its service now offers Bitcoin, Ethereum and the three newly added tokens.Fidelity's current trading lineup includes Bitcoin, Ethereum, Fidelity Digital Dollar, Litecoin and Solana through separate Fidelity Crypto accounts. SoFi began a phased consumer rollout on Nov. 11, 2025, bringing crypto into the same app as its other financial services.These offerings place crypto inside financial relationships customers may already have.Crypto trading demand is unevenCoinbase disclosed its user decline in its Oct. 29 filing, attribut...