SoFi becomes first U.S. national bank to offer crypto trading
SoFi Technologies, Inc. (NASDAQ: SOFI) has become the first and only nationally chartered bank in the U.S. to launch cryptocurrency trading for retail customers.
The new service, called SoFi Crypto, enables members to buy, sell and hold digital assets within the same app they use for banking, borrowing and investing — all under an FDIC-insured framework.
The rollout marks a major milestone for SoFi’s strategy to integrate blockchain technology into traditional finance.
According to the company, SoFi Crypto will initially offer trading for dozens of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), with broader access expected in the coming weeks.
