In a milestone, SoFi now offers crypto trading
- Key insight: SoFi is the first nationally chartered consumer bank in the U.S. to allow members to buy, sell and hold cryptocurrencies directly within its single banking app.
- Supporting data: A SoFi survey indicates that 60% of its members who own crypto would prefer to use a licensed bank over their primary crypto exchange.
- Forward look: The launch is the first phase of a broader strategy that includes plans for a USD stablecoin, crypto-backed borrowing, and new staking features.
Overview bullets generated by AI with editorial review
SoFi announced on Tuesday the launch of SoFi Crypto, a platform offering consumers the ability to buy, sell, and hold cryptocurrencies directly within its application.
This aggressive step into digital assets…
