SoFi Technologies is preparing to bring back spot cryptocurrency trading later this year, giving its members the ability to buy, sell, and hold major digital assets like Bitcoin and Ethereum. This move comes after SoFi temporarily paused crypto services in 2023 when it became a regulated national bank. Now, with updated regulatory guidance, national banks are once again allowed to offer crypto-related services.
SoFi Expands Crypto Offerings with New Features
In addition to reintroducing trading, SoFi plans to launch several new crypto services designed to give users more flexibility and financial control. These include:
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Stablecoins: Members will soon have access to digital currencies pegged to traditional assets like the U.S. dollar.
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Crypto-backed loans: Users will be able to borrow against their crypto holdings.
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Expanded payment options: Crypto integration into daily transactions is on the horizon.
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Staking features: Members can earn rewards by participating in network security and validation through staking.
According to CEO Anthony Noto, these additions reflect SoFi’s commitment to embracing the evolving financial landscape. “We want to give our members more choice and control as the future of finance is reshaped by digital assets and blockchain innovation,” Noto said.
New Blockchain-Powered Remittance Service Launching
One of SoFi’s most anticipated upcoming features is its blockchain-powered international money transfer service. This new tool will allow members to send funds across borders using secure blockchain technology. Transfers will be automatically converted into local currencies and deposited directly into recipients’ accounts—offering both speed and convenience.
The remittance service will include full transparency on fees and exchange rates, plus 24/7 access through the SoFi app, giving users control over their international transactions like never before.
As SoFi continues to evolve, its latest move into crypto and blockchain services positions it as a leader in the digital finance revolution. Whether you’re a seasoned crypto user or just getting started, SoFi’s upcoming offerings could open the door to a more flexible, decentralized financial future.
