Fintech company SoFi has announced that it will launch a new global money transfer service as well as cryptocurrency investments later this year. According to the announcement, SoFi members will be able to buy, sell, and hold a variety of cryptocurrencies, including bitcoin and ETH, later this year. The company also eventually plans to offer stablecoins and other services, including providing members with the ability to borrow against cryptoassets, expanding payment options, and introducing a new staking feature.
SoFi stopped offering cryptocurrency trading services in 2023 and became a regulated bank. However, SoFi said on Wednesday that the Office of the Comptroller of the Currency (OCC) issued two explanatory letters in March and May allowing nationally licensed banks to provide cryptocurrency custody, execute transactions, hold stablecoin reserves, and other related activities.
Fintech company SoFi will resume crypto trading services and launch a blockchain-based global money transfer business
2025-06-25 22:38:41
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