SoFi is the first American bank to launch a platform for trading Bitcoin and cryptocurrencies
SoFi Bank has become the first licensed bank in the United States to launch a cryptocurrency trading platform called SoFi Crypto, which allows access to Bitcoin, Ethereum, and Solana.
The bank aims to empower customers to buy, sell, and hold dozens of cryptocurrencies, in addition to savings and lending accounts and investments.
The crypto feature will be rolled out in phases and will be available to all users in the coming weeks, according to the company.
This move follows a shift in SoFi's strategy after the company temporarily halted cryptocurrency asset services in 2023 while seeking a banking license. At that time, cryptocurrencies faced stricter regulatory scrutiny under the Biden administration.
Source: coindesk
