SoFi Technologies announced on November 11, 2025 that it has launched SoFi Crypto, the first nationally‑chartered bank to offer consumer cryptocurrency trading. The platform lets members buy, sell, and hold Bitcoin, Ethereum, and Solana directly from their SoFi Money checking or savings accounts, eliminating the need to transfer funds to a separate wallet.
The service includes in‑app educational tools and guidance for new crypto users, and the company said the launch will roll out in phases, expanding availability to more members over the coming weeks. By integrating crypto trading into its existing banking app, SoFi is positioning itself as a one‑stop shop for financial services, leveraging its FDIC‑insured deposit base to provide a regulated, secure environment for digital‑asset transactions.
SoFi’s move comes after the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation issued interpretive letters that clarified the regulatory path for banks to offer crypto services. The first‑mover advantage gives SoFi a competitive edge over traditional exchanges and other financial institutions that are still evaluating regulatory compliance. The platform also creates a new fee‑based revenue stream that complements SoFi’s lending and technology‑platform businesses, helping to diversify income and improve profitability.
In its most recent earnings report, SoFi beat analyst expectations with earnings per share of $0.11 versus a consensus of $0.08, driven by strong demand in its financial‑services and technology‑platform segments. The company added 905,000 new members in the quarter, bringing total membership to 12.6 million. CEO Anthony Noto said the launch “marks a pivotal moment when banking meets crypto in one app, on a trusted platform, and driven by our core mission to help our members get their money right.”
Looking ahead, SoFi plans to launch a USD‑pegged stablecoin in 2026 and to embed crypto functionality into its lending and infrastructure services. These initiatives signal a long‑term commitment to expanding its digital‑asset footprint and to integrating blockchain technology into core banking products.
The competitive landscape is evolving, with institutions such as Morgan Stanley and Charles Schwab announcing similar plans. SoFi’s bank‑grade security, FDIC insurance, and integrated ecosystem give it a distinct advantage in attracting members who prefer a regulated environment for crypto trading.
Investors have responded positively to the announcement, reflecting confidence in SoFi’s strategy to combine traditional banking with emerging digital‑asset services. The company’s regulatory clarity, member growth, and new revenue opportunities reinforce its position as a leader in the evolving fintech space.
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