SoFi Resumes Crypto Trading and Launches Blockchain-Enabled Remittances
SoFi Technologies is bringing back spot cryptocurrency trading on its platform, enabling users to buy, sell, and hold cryptocurrencies, along with facilitating global remittances.
As reported by Bloomberg, the online banking and financial services company will provide its customers the ability to trade Bitcoin (BTC), Ethereum (ETH), and a range of other digital currencies.
Additionally, SoFi plans to introduce global remittance services, with stablecoin options being explored. This initiative follows comments from CEO Anthony Noto, who indicated that the company was looking into resuming digital asset investing services.
Regulatory Changes in the U.S.
The fintech’s return to the crypto market comes at a time of regulatory changes that have positively affected several players in the traditional finance industry.
In August 2023, SoFi announced its decision to exit the crypto investing market due to significant regulatory hurdles in the U.S. This was communicated to customers in November 2023, advising them to liquidate their accounts or transfer crypto assets to Blockchain.com’s platform.
However, in April 2025, CEO Anthony Noto confirmed that SoFi is set to re-enter the crypto space. He emphasized plans to integrate blockchain technology throughout the company, noting that a more favorable regulatory climate was a key consideration.
“We want to be able to offer blockchain products and crypto products across every area that we’re currently in, so across lending, across paying, across investing, as well as protecting,” Noto stated.
In light of these developments, Noto expressed that innovation in crypto and blockchain technology is transforming the future of financial services. SoFi aims to support this progress by providing customers with improved options and control over their investments, cross-border payments, and savings.
During recent testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell informed lawmakers that banks are “free” to offer crypto services. He reiterated that banks are permitted to engage in a variety of crypto activities.
Meanwhile, the regulatory outlook on stablecoin adoption is becoming increasingly positive, with optimism in the sector following the U.S. Senate’s passage of the GENIUS Act. President Donald Trump has urged lawmakers to expedite sending the bill to his desk.