In brief
- Financial services giant SoFi is bringing Bitcoin and Ethereum trading back to its users.
- The firm once allowed users to buy and sell crypto, but stopped in 2023.
- The trading rollout is expected later this year, with stablecoin support, crypto-backed loans, and more ahead.
San Francisco-based financial services company SoFi will make its return to crypto later this year, offering its users the ability to trade and hold popular cryptocurrencies like Bitcoin and Ethereum, the firm announced on Wednesday.
SoFi previously offered the capability to buy and sell crypto, and even acquired the notoriously difficult-to-obtain New York BitLicense in 2019—but the firm stopped offering crypto services in 2023 after “careful…