"Today marks a pivotal moment when banking meets crypto in one app,"
"It's critical to give our members a secure and regulated way to step into the future of money."
"We've wanted to be a one stop shop for all your financial services needs, and one of the holes we've had for the last 2 years was in cryptocurrency,"
"The ability to buy, sell, and hold crypto, we were not allowed to do that as a bank, it was not permissible"
SoFi Technologies launched SoFi Crypto, enabling members to buy, sell, and hold Bitcoin directly within bank accounts and offering Ethereum and Solana with more assets planned. The rollout begins Tuesday and will expand in phases to reach all 12.6 million customers by the end of 2025. Recent regulatory clarifications from the OCC and FDIC permit nationally chartered banks to provide crypto custody, trading, and settlement services. An OCC interpretive letter in May gave legal clarity for banks to handle crypto directly rather than relying on third-party intermediaries.
Read at Bitcoin Magazine
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