SoFi Bank Introduces Crypto Trading for U.S. Customers

Jimmy Aki
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On November 11, SoFi Technologies initiated a phased rollout of cryptocurrency trading services for its U.S. customer base.

This new feature will enable the purchase, sale and transfer of popular digital coins like Bitcoin from within the customer’s SoFi accounts. So far, the service is only accessible to a segment of users. SoFi will expand access to customers nationwide in the coming weeks.

https://twitter.com/SoFi/status/1988230634226200934?s=20

Favourable OCC Crypto Policy Drives SoFi’s Comeback

This crypto trading launch represents a significant return to the digital asset space for SoFi, which had previously exited the crypto industry in 2023 due to stringent regulatory requirements associated with its national bank charter.

In an exclusive interview with CNBC’s Squawk Box, SoFi Bank CEO Anthony Noto revealed that the institution has now become the first and only nationally chartered bank to offer such crypto trading services to consumers.

The reversal became effective following a change in policy stance from the Office of the Comptroller of the Currency (OCC).

Back in March 2025, the OCC published a statement that clarified that activities such as crypto-asset custody, stablecoin operations, and participation in distributed ledger networks were permissible for national banks and federal savings associations.

The OCC’s statement followed President Trump’s pledge to ease the longstanding barriers preventing crypto firms from accessing mainstream banking services.

By June 2025, SoFi had begun testing related services, introducing international payment options that allowed for fiat-to-crypto conversion and blockchain-based transactions.

Now, with its new crypto trading feature, SoFi Bank is taking a bigger leap that brings crypto adoption directly into the heart of consumer banking.

The bank’s crypto ambitions extend beyond crypto purchases. SoFi Bank intends to introduce a stablecoin, SoFi USD, which will be backed one-to-one by reserves. Furthermore, SoFi is looking to weave crypto into its lending and payment infrastructure to support faster, borderless transactions.

The SoFi CEO has described blockchain and crypto as “super cycle technology,” comparing their transformative potential to that of artificial intelligence. He argued that crypto will soon be woven into every layer of the financial system, from payments to lending.

Rapid Growth in the Crypto Sector Drives Wider Adoption

SoFi’s re-entry coincides with a period of rapid growth and institutional adoption across the digital asset sector, which continues to expand at a rapid pace.

Recent developments across the industry support this trend. On November 10, payment giant Square rolled out a new feature that enables its merchant network to accept Bitcoin payments at checkout.

This is similar to Bringin’s new platform that allows users to manage Bitcoin alongside traditional currencies like the euro.

It bridges the gap between old and new finance, giving consumers the freedom to use crypto where accepted and fiat where necessary.

In the same vein, major U.S. cryptocurrency exchange Coinbase introduced its Model Context Protocol (MCP), which connects large language models to crypto wallets, allowing AI systems to execute blockchain transactions directly.

Beyond corporate innovation, government interest is growing too. Swedish lawmakers recently proposed creating a national Bitcoin reserve.

If adopted, this move could make Sweden one of the first European nations to formally integrate Bitcoin into its financial system.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.