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12/11/25 03:42 UTC-04

First national bank SoFi launches cryptocurrency trading for individuals

The largest online lender in the U.S., SoFi Technologies, has launched its SoFi Crypto platform. It is the first nationally licensed bank to offer cryptocurrency trading to consumers.

SoFi Crypto is an extension of the existing app that allows users to buy digital assets directly from their FDIC-insured checking or savings accounts, without transferring funds elsewhere.

Users can manage cryptocurrencies alongside regular banking operations, loans, and investments. SoFi Crypto includes tutorials and step-by-step guides for beginner retail investors in digital assets.

Currently, American bank customers can trade and store dozens of cryptocurrencies, including Bitcoin, Ethereum, and Solana.

“We as a bank were not allowed to do this before. It was prohibited. But in March of this year, the U.S. Office of the Comptroller of the Currency issued a clarification letter stating that banks like SoFi are now permitted to offer cryptocurrency,” said SoFi CEO Anthony Noto.

The executive does not believe that large banks such as JPMorgan, Wells Fargo, or Bank of America will follow their lead.
According to him, they lack SoFi’s fully digital “one-stop shop” model, are not focused on customers’ cash operations, and “do not have the technological architecture necessary for seamless integration of cryptocurrencies into their broader financial ecosystems.”

See also: "61% of companies are ready to increase crypto investments — Sygnum"

#SoFi Technologies #Bank #USA

Editor: Alyona Nabok
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