SoFi Becomes First U.S. Bank to Bring Crypto to Retail Traders
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As Wall Street’s biggest banks prepare to open the doors to crypto trading, fintech lender SoFi Technologies is moving first, rolling out the ability for everyday customers to buy, sell and hold cryptocurrencies directly inside its FDIC-insured banking app.
SoFi last month became the first nationally chartered U.S. bank to offer retail crypto trading, restarting a service it shut down two years ago to secure its banking license and marking a major step in the push to bring digital assets into the traditional financial system.
The launch comes as regulators reverse years of caution around crypto and as interest in digital…
