Key Points
- SoFi has become the first U.S. bank to offer cryptocurrency trading to its customers.
- Customers will be able to buy, sell, and hold major cryptocurrencies like Bitcoin and Ethereum.
- The move follows a key regulatory clarification from the OCC in the spring of 2025.
- SoFi also plans to launch its own stablecoin and integrate crypto into its lending services.
SoFi announced on Tuesday that it will begin offering crypto trading to its customers, making it the first U.S. bank to do so. This move comes as the multi-trillion-dollar crypto sector continues to attract mainstream financial firms, thanks to clearer regulations and growing public adoption.
The fintech company said its customers will soon be able to buy, sell, and hold dozens of cryptocurrencies, including major tokens such as Bitcoin, Ethereum, and Solana.
“SoFi is the first bank in the U.S. to offer crypto trading and investing,” said CEO Anthony Noto. “The product we’re launching today is for retail members, but institutional access is right around the corner.”
This marks a significant shift for the U.S. banking industry, which has largely stayed out of crypto due to regulatory uncertainty. However, signals from the new Trump administration of a more supportive policy approach have helped to ease some of these hurdles.
Noto explained that the key factor was a clarification from the Office of the Comptroller of the Currency (OCC) in the spring of 2025. This clarification made it permissible for banks with the same license as SoFi to offer crypto and blockchain products and services. “SoFi went from not being able to offer crypto products and services… to, in our view, having the best license a company can have to offer crypto and blockchain services,” Noto said.
In addition to trading, SoFi also announced that it is on track to launch its own U.S.-dollar-pegged stablecoin and will integrate crypto into its lending and infrastructure services.
This move by SoFi reflects the growing momentum in crypto adoption, from both retail investors and institutional players, which is driving a rise in trading activity across the market.
