Charles Schwab plans to add SOL, AVAX and LINK trading
Solana co-founder Anatoly Yakovenko backs usage-based fees but wants SGP-0003 split, as Schwab prepares to add SOL, Avalanche and Chainlink beyond bitcoin and ether.
Charles Schwab said it will add Solana, Avalanche and Chainlink to Schwab Crypto accounts in the coming months, expanding a retail lineup that has offered only bitcoin and ether since May, while Solana co-founder Anatoly Yakovenko urged voters to split fee-reform proposal SGP-0003. Bitcoin traded above $80,000 at $80,020, up 2.1% over 24 hours, as SOL rose 12.9% to $109.13, Chainlink 5.5% to $11.89 and Avalanche 3.6% to $7.50. SGP-0003 would eliminate Solana’s fixed signature fee and replace it with a computation-based charge; Yakovenko supports usage-based fees and notes small transactions pay nearly 280x more per unit of compute than large ones, but says bundling future rate-setting could deter voters. U.S. spot Solana ETFs have taken in $1.23 billion since launch. Head of Digital Assets Joe Vietri said the additions fit Schwab’s approach of giving clients familiar cryptocurrencies backed by education, tools and support. No launch date was disclosed.
- SGP-0003: A Solana governance proposal to replace the network’s fixed signature fee with a fee tied to the computational resources a transaction uses.
- Usage-based fees: A pricing model in which transaction costs scale with computing work performed rather than a single flat charge per signature.
- SOL: The native token of the Solana network, used to pay transaction fees and for staking.