Finance
What to know (or pretend to understand):
- SoFi has somehow managed to become the first U.S. consumer bank to offer in-app crypto trading, including the usual suspects: bitcoin, ethereum, and solana. Because, why not?
- They’re rolling out crypto like it’s the latest trendy latte. You can now buy, sell, and hold your digital coins right next to your checking account, savings, and whatever else you do with your money.
- And guess what? SoFi’s thinking of expanding their blockchain plans to include remittances and a USD stablecoin. So, yeah, buckle up.
SoFi just made history (kind of) by becoming the first U.S. bank to offer crypto trading within their app. Now, you can trade bitcoin, ethereum, solana, and probably more, right alongside your usual “safe” banking activities. What could possibly go wrong? 🤑
The big move-SoFi Crypto-was announced on a Tuesday (so it must be important), signaling a shiny new direction for the company. You’ll soon be able to buy, sell, and hold crypto while pretending it’s all part of your normal banking routine. Cool, right? Yeah, it’s a lot.
Oh, and the rollout? It’s phased, because what’s an app launch without a little suspense and waiting? Don’t worry though, you’ll all get to play with your coins soon enough.
Let’s talk history for a sec. Back in 2023, SoFi hit pause on its crypto services because, apparently, the government was being all “regulatory” and “scary.” They had to get a banking license or something-because digital assets just weren’t up to snuff under the Biden administration’s watch. But guess what? They’ve kept their promise to get back in the game. Oh, how noble.
Here’s the kicker: Unlike those sketchy fintech apps and crypto brokers, SoFi has a real national bank charter. Meaning, they have to play by the rules. Why does this matter? Because 60% of users apparently prefer keeping their crypto with a licensed bank than with… anyone else. So, feel free to store your stuff here-at least they’ll pretend to follow the rules. 🏦
Oh, and for extra bonus points, SoFi’s also working on a U.S. dollar stablecoin and even more crypto features like lending and payments. Who doesn’t love a little crypto integration in their life? 😏
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2025-11-11 20:13