SoFi becomes first U.S. national bank to offer crypto trading

SoFi Technologies, Inc. (NASDAQ: SOFI) has go the archetypal and lone nationally chartered slope successful the U.S. to motorboat cryptocurrency trading for retail customers.

The caller service, called SoFi Crypto, enables members to buy, merchantability and clasp integer assets wrong the aforesaid app they usage for banking, borrowing and investing — each nether an FDIC-insured framework.

The rollout marks a large milestone for SoFi’s strategy to integrate blockchain exertion into accepted finance.

According to the company, SoFi Crypto volition initially connection trading for dozens of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), with broader entree expected successful the coming weeks.

“This is simply a pivotal infinitesimal wherever banking meets crypto successful 1 app,” said SoFi CEO Anthony Noto. “As the archetypal and lone nationally chartered slope to motorboat crypto trading to consumers, we are uniquely positioned to thrust innovation built connected security, stableness and transparency.”

SoFi emphasized that its crypto level is built with “bank-grade” information and regulatory oversight, distinguishing it from astir digital-asset exchanges.

Members tin instantly acquisition crypto utilizing funds successful their SoFi Checking oregon Savings accounts — some FDIC insured — without transferring wealth elsewhere. The integrated acquisition aims to trim friction for users portion maintaining a absorption connected compliance and safety.

The institution besides highlighted acquisition tools wrong the app designed to usher caller investors. Users tin entree in-app resources explaining however cryptocurrencies acceptable wrong broader fiscal goals and hazard tolerance. SoFi reiterated that crypto assets are not slope deposits and are not insured by the FDIC oregon SIPC.

Members tin present articulation the waitlist for aboriginal entree to SoFi Crypto, with promotional rewards disposable done aboriginal 2026. They tin besides triumph 1 Bitcoin by joining the waitlist by Nov. 30, opening a crypto account, and making 3 qualifying transactions of astatine slightest $10 by Jan. 31, 2026.

The motorboat comes arsenic U.S. user involvement successful integer assets continues to rise. SoFi reported that 60% of its members who already ain crypto would similar to commercialized done a licensed slope alternatively than a crypto trading exchange.

Beyond trading, SoFi said it plans to grow its blockchain initiatives to see a U.S. dollar-backed stablecoin, planetary crypto-enabled remittances and integrate crypto into its lending and infrastructure services.

These efforts purpose to leverage integer assets to trim transaction costs and accelerate payments crossed its fiscal ecosystem.