SoFi Returns to #Crypto Trading After Two-Year Exit From Digital Assets


#SoFi Technologies has reentered the cryptocurrency market with #trading and blockchain-powered international remittances following regulatory ease.


The American fintech firm exited crypto in November 2023 as a condition for receiving a bank charter under stricter regulations.


The platform will allow customers to buy, sell, and hold crypto assets directly in their accounts starting Wednesday.


#SoFi plans to expand into stablecoin offerings and offer the ability to borrow against crypto holdings, according to the website waitlist.


CEO Anthony Noto said international payments will "convert fiat to crypto, transmit via blockchain, and convert to local fiat."


The company's Galileo finance platform will support third-party crypto infrastructure, including wallets and custody services.


The Trump administration's regulatory changes have removed "reputational risk" examination barriers that previously blocked bank-crypto partnerships.


The fintech #blockchain industry is projected to grow from $3.4 billion in 2024 to $49 billion by 2030.


SOFI stock gained 12% over the past week following its crypto reentry announcement and broader market optimism.

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June 26, 2025 at 2:17 PM
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