Overview

• SoFi will bring back bitcoin and ethereum trading on its platform after suspending crypto services in 2023.
• Customers will be able to send US dollars and select stablecoins via well-known blockchain networks for faster, lower-cost international remittances.
• Planned future offerings include crypto staking, borrowing against digital assets and providing blockchain infrastructure to third parties through its Galileo platform.
• The revival follows May guidance from the Office of the Comptroller of the Currency permitting nationally chartered banks to custody cryptocurrencies and offer stablecoin services.
• SoFi secured its national bank charter by acquiring Golden Pacific Bank in 2021, underpinning its strategy to integrate digital assets across its one-stop shop financial services.