US EditionSoFi Launches Crypto Trading, Citing ‘Bank-Level Confidence’ as Key Edge
SoFi offers bank-level compliance for crypto trading, meeting demand as 60% of users prefer licensed banks over crypto-native exchanges, CEO Anthony Noto said.
- On Tuesday, SoFi Technologies launched SoFi Crypto, becoming the first nationally chartered consumer bank in the United States to offer in-app crypto trading with bitcoin, ethereum, and solana, rolling out to all users in the coming weeks.
- After pausing digital-asset services in 2023 while seeking a banking license, SoFi Technologies re-enters crypto this year, citing 60% of users preferring licensed banks over crypto-native exchanges amid Biden administration scrutiny.
- SoFi reported robust financials, completing $23.2 billion loan originations and holding $25 billion member deposits while adding 905,000 new members to reach over 12.6 million.
- Customers can now buy, sell and hold dozens of cryptocurrencies within the SoFi app alongside checking, savings, lending and investing, while SoFi is developing a SoFi USD stablecoin planned for integration into the SoFi Pay wallet and lending and payments products.
- SoFi's one-stop-shop model appeals to millennial and Gen Z consumers, while its cloud-native platforms Galileo and Technisys provide a technology edge; SoFi stock is up over 100% in 2025.
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How Does SoFi Make Money?
Key PointsSoFi Technologies is an online-only, nationally chartered bank that operates as a full-service digital financial platform.It's known for its range of financial products, competitive interest rates, lack of typical bank fees, and focus on serving a digitally savvy clientele. SoFi has been building a solid track record of revenue growth and profitability as its business model expands. 10 stocks we like better than SoFi Technologies › SoF…
SoFi Becomes First Nationally Chartered Bank to Offer Crypto Trading
The digital bank said the launch of SoFi Crypto allows customers to buy, sell and hold popular cryptocurrencies, including Bitcoin, Ethereum and Solana directly within its mobile app, combining traditional banking and crypto investing on one regulated platform. “Today marks a pivotal moment when banking meets crypto in one app, on a trusted platform,” said Anthony Noto, CEO of SoFi. “It’s critical to give our members a secure and regulated way t…
Key points of the news SoFi is the first U.S. licensed bank to offer crypto direct trading to retail customers. Users can buy, sell and maintain BTC, ETH and SOL from their bank accounts secured by the FDIC. The entity plans to expand to crypto-enabled remittances and develop its own dollar ‘stablecoin’. With the launch of Sofi Crypto, the largest online lender in the United States, Sofi Technologies, officially enters the crypto space. We are t…
NFTgators
decrypt.coSoFi Technologies Enters Digital Asset Trading Space with the Launch of SoFi Crypto
Quick take: SoFi said it is now the first and only Nationally Chartered Bank to launch crypto trading for consumers. The company began its phased roll-out of the platform on Tuesday, as it aims to become available to more users in the coming weeks. The platform also comes equipped with educational materials to help consumers in their journey to using digital assets. SoFi Technologies, Inc. (NASDAQ: SOFI), has launched SoFi Crypto, becoming the…
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