**SoFi Becomes First U.S. Nationally Chartered Consumer Bank to Launch In-App Cryptocurrency Trading**
SoFi has made history as the first nationally chartered consumer bank in the United States to offer in-app cryptocurrency trading. The fintech leader announced the launch of SoFi Crypto on Tuesday, marking a significant expansion of its all-in-one financial platform.
With this new feature, SoFi customers can now buy, sell, and hold dozens of cryptocurrencies—including bitcoin, ethereum, and solana—right alongside their checking, savings, lending, and investing accounts. According to the company, the crypto feature is rolling out in phases and will be available to all users in the coming weeks.
The move represents a strategic shift for SoFi after the company paused its digital asset services in 2023 to focus on obtaining a national banking license. At the time, the cryptocurrency industry faced heightened regulatory scrutiny from the Biden administration. Earlier this year, CEO Anthony Noto confirmed SoFi’s intention to re-enter the crypto market, and this rollout delivers on that commitment.
Unlike fintechs or brokerages, SoFi operates under a full national bank charter—an important distinction that comes with stricter compliance and regulatory requirements. This could be a significant advantage for customers: SoFi notes that 60% of its users would prefer to store their crypto with a licensed bank over a crypto-native exchange.
Looking ahead, SoFi is developing a U.S. dollar stablecoin and has plans to further integrate cryptocurrency into its lending and payment products. With these advancements, SoFi continues to redefine what consumers can expect from a modern banking experience.
https://bitcoinethereumnews.com/crypto/sofi-launches-crypto-trading-citing-bank-level-confidence-as-key-edge/
