Morning Minute: SoFi Bank Launches Spot Crypto Trading

4 days ago 2

Tyler Warner

Wed, November 12, 2025 astatine 7:31 AM CST 4 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s apical news:

Crypto majors rebounding aft Tuesday selloff; BTC astatine $105,000
Lighter raises $68M astatine $1.5B led by Founder’s Fund, Ribbit Capital
Winklevoss Capital funds caller Zcash DAT, bargain $50M ZEC
Circle beats Q3 earnings, eyes ARC token for its stablecoin chain
SoFi becomes archetypal large fintech to rotation retired spot crypto trading

Today marks a milestone.

A large U.S. fiscal instauration is launching crypto trading.

SoFi announced it present offers crypto spot trading entree for its U.S. consumers straight wrong its ain operations (no third-party integrations, nary digital-wallet partners).

Users tin commercialized Bitcoin, Ethereum, Solana and up to 30 different coins straight wrong the SoFi app nether its slope charter umbrella.

Key points:

Crypto trading is integrated into SoFi’s existing UI alongside banking, investing and indebtedness solutions.
The institution emphasizes “bank-level confidence” for its crypto experience
Initially disposable to U.S. consumers (state-by-state rollout); wallet custody and staking features expected to follow.
Prioritizing onboarding via elemental relationship linking for users already banking with SoFi.

Buy and commercialized crypto majors on with your savings account, banal portfolio and recognition cards—all nether the aforesaid hood.

“Today marks a pivotal infinitesimal erstwhile banking meets crypto successful 1 app, connected a trusted platform, and driven by our halfway ngo to assistance our members get their wealth right. I judge blockchain exertion volition fundamentally alteration EVERY mode concern is done passim the satellite by making wealth question faster, cheaper and safer, portion opening caller ways for radical to get better, put better, walk and prevention better.” - SoFi CEO Anthony Noto successful a statement.

“Data shows 60% of SoFi members who ain crypto would similar to buy, merchantability and clasp their crypto with a licensed slope implicit their superior crypto exchange—a wide awesome of the assurance consumers spot successful regulated institutions and SoFi’s unsocial presumption to conscionable this request head-on.” - SoFi statement

SoFi offering crypto alongside is accepted concern products is simply a large deal.

That convergence does 3 things:

Broadens access: users won’t request a crypto-specific exchange, it volition conscionable beryllium different tab oregon driblet down successful their emblematic day-to-day interface
Legitimizes crypto: erstwhile regulated fintechs commencement treating coins similar stocks, adoption ramps, regulatory clarity improves and the assets go much normalized (and possibly much appealing)
Adds competition: Legacy crypto exchanges present look platforms similar SoFi competing connected ease, spot and marque for retail flows