SoFi Earnings News: Major Push Into Crypto
SoFi has plans to bring back crypto services for its clients after suspending those operations in 2023 so as not to impede its effort to become a regulated bank.
“We’re going to re-enter the crypto business, which we had to exit,” SoFi CEO Anthony Noto said in an interview with CNBC. “We’ll re-enter the business of allowing our members to invest in cryptocurrency. We want to actually make a bigger, more comprehensive push into cryptocurrency, to include really providing crypto or blockchain capabilities in each product area that we have.”
The tech company had offered clients access to more than 20 tokens back in 2023 but decided to halt its services as it was in the process of receiving a bank charter in the U.S. during a time when…
