SoFi Launches Crypto Trading, Becomes First FDIC-Insured Bank

SoFi Technologies, a digital financial services company, has launched its new cryptocurrency trading service, SoFi Crypto, making it the first nationally chartered US bank to offer this directly to customers. This move, following recent regulatory changes, allows users to buy, sell, and hold popular digital currencies like Bitcoin, Ethereum, and Solana within the SoFi app, all while being FDIC-insured. The market reacted positively, with SoFis shares closing up 1.2% after initially rising, indicating a meaningful development for the company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.