Could Crypto Take SoFi Stock to the Next Level?
After a nearly two-year hiatus from the cryptocurrency industry, banking and finance app SoFi (SOFI 2.56%) recently announced that it will be getting back into the crypto market, and in an even bigger way than before.
SoFi made two specific announcements. First, it reported the return of crypto trading to its app — a service it had offered until late 2023. Second, the bank announced that it would leverage the capabilities of cryptocurrency and blockchain technology to facilitate rapid international money transfers. And perhaps most importantly, SoFi called this the “first of many planned crypto and blockchain innovations across [their] products and services.” Both of these newly announced capabilities…
