SoFi Technologies, Inc. has taken a major step in modern banking with the launch of SoFi Crypto. The new platform makes SoFi the first U.S. bank with a national charter to let customers trade cryptocurrencies alongside regular banking.
People can now bank, borrow, invest, and trade crypto all in one regulated system. This is an important step in bringing digital assets into everyday banking.
SoFi Members Perks
Starting today, SoFi members can access popular digital assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with more digital assets to be added over time. Verified members can buy crypto directly from their FDIC-insured SoFi Checking or Savings accounts, allowing them to move easily between cash and crypto.
The platform is made for both beginners and experienced investors, offering easy-to-use tools as well as advanced trading features.
In a recent interview, SoFi CEO Anthony Noto said the new platform is a big step for banking. He explained that blockchain technology can make financial transactions faster, cheaper, and safer around the world.
By offering crypto services, SoFi joins other major banks like Morgan Stanley, showing that regulated digital asset trading is becoming more common.
SoFi and Role in Compliance
SoFi Crypto focuses on helping users learn about crypto. The app offers educational lessons and tools to explain the risks and opportunities of crypto trading and investing.
The company states that 60% of crypto holders prefer trading through a licensed bank instead of an exchange, demonstrating trust in regulated platforms. SoFi Crypto adheres to strict U.S. banking rules to ensure proper oversight.
Noto stressed that strong security measures and clear procedures help users feel safe when trading. The new platform also provides clear risk disclosures, reminding users that crypto assets are not FDIC- or SIPC-insured and may lose value.
Expanding Blockchain Services Across Banking Services
Interest in digital assets is growing rapidly, with crypto ownership potentially doubling in 2025. SoFi aims to meet this demand by offering a platform that is reliable, clear, and easy to use.
Beyond crypto trading, SoFi plans to integrate blockchain technology into many aspects of its services. The company has indicated this will enable them to offer faster and cheaper international money transfers and launch a USD-backed stablecoin for cross-border payments.
SoFi also intends to incorporate cryptocurrencies into its lending services and other financial products. These anticipated changes are expected to reduce costs, expedite lending processes, and broaden access to financial services for more individuals.
By leveraging blockchain throughout its platform, SoFi's goal is to make digital assets an integral part of its entire offering.