SoFi Technologies to cease crypto services by Dec. 19

United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.

According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users must either migrate their accounts to Blockchain.com or close them. In addition, customers residing in Hawaii, Louisiana, New Jersey, Nevada, Tennessee, Texas or Virginia must liquidate certain altcoins unsupported on Blockchain.com prior to account transfers. New York clients of SoFi crypto must close their accounts by January 2024 due to the unavailability of Blockchain.com in the state.

The company did not state a reason for ending its crypto…

Read more on Cointelegraph

23.7K Reads