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SoFi Technologies is set to reintroduce spot crypto trading on its platform later this year. Members will be able to buy sell and hold popular cryptocurrencies like Bitcoin and Ethereum. The fintech giant also plans to roll out stablecoins and new services including borrowing against crypto assets expanded payment options and staking features.
The company will also launch a blockchain-powered remittance service. SoFi members will be able to send money internationally using secure blockchain networks with funds converted into local currencies and quickly deposited into recipients’ accounts. The service promises full transparency on exchange rates and fees with 24/7 access through the SoFi app.
SoFi paused crypto trading in 2023 when it became a regulated bank. Recent regulatory guidance now allows national banks to offer crypto services again. CEO Anthony Noto said SoFi is focused on giving members more choice and control as the future of finance is reshaped by crypto digital assets and blockchain innovation.
