Overview
- Select customers can now buy, sell, and hold cryptocurrencies such as Bitcoin, Ethereum, and Solana within the SoFi app in a phased rollout.
- SoFi targets opening access to roughly 12.6 million members by the end of 2025, with institutional access described as coming soon.
- Members fund trades directly from FDIC‑insured checking or savings accounts, while crypto assets themselves are not FDIC or SIPC insured.
- SoFi opened a waitlist and early‑use promotion, with initial funding limited to USD via ACH and no outbound crypto transfers supported at launch.
- The roadmap includes a U.S. dollar‑pegged stablecoin and crypto‑enabled remittances and lending, as industry reporting points to rivals like Charles Schwab, Morgan Stanley, and PNC preparing similar services.