Overview
- Select SoFi customers can start buying, selling, and holding cryptocurrencies today, with access planned for all 12.6 million members by the end of 2025.
- The service includes bitcoin, ether, solana, and dozens of other tokens, operating under OCC and FDIC guidance issued earlier this year.
- SoFi says it is developing a U.S. dollar stablecoin, planning crypto‑backed borrowing, and integrating digital assets into its lending and infrastructure services.
- Industry reports indicate Charles Schwab, Morgan Stanley, and PNC are likely to introduce retail crypto trading in the coming months, while JPMorgan, Citigroup, and Bank of America explore stablecoins or tokenized deposits under a July framework signed by President Trump.
- The bank previously shut a crypto feature to obtain its national charter and already supports Bitcoin’s Lightning Network for payments to and from Mexico.