SoFi Rolls Out Crypto Trading With Bitcoin, Ethereum, Solana and More

SoFi has officially launched its crypto trading platform, allowing users to buy and sell Bitcoin, Ethereum, Solana, and other cryptocurrencies. This marks the company's return to the crypto space after it discontinued its crypto trading services in 2023. With this new feature, SoFi members can trade up to 30 different crypto assets using funds from their SoFi checking or savings accounts, which are FDIC-insured, eliminating the need for separate accounts. SoFi CEO Anthony Noto emphasized the integration of banking and crypto services, stating that blockchain technology will revolutionize the financial landscape for faster, cheaper, and safer transactions. In addition to crypto trading, SoFi hinted at future offerings, including staking and borrowing, although these were not part of the initial rollout. Access to SoFi Crypto will be phased, with users currently able to join a waitlist. The news positively impacted SoFi's stock price, reflecting a strong year-to-date performance.

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