Coinspeaker
Nov 11, 2025
6 0

SoFi Bank Relaunches Crypto Trading with Bitcoin, Ethereum, Solana

SoFi Bank has relaunched its crypto trading services as of Nov. 11, becoming the first nationally chartered, FDIC-insured US bank to offer banking, borrowing, investing, and crypto trading in one application.

  • Supported cryptocurrencies include Bitcoin, Ethereum, and Solana, among others.
  • The phased rollout began on Nov. 11, with a waitlist open until Nov. 30, 2025.
  • Initial funding is possible via ACH or USD, but outbound transfers are not supported at launch.

SoFi initially launched crypto trading in 2019, partnering with Coinbase, but suspended services in Dec. 2023 due to regulatory issues during the bank's charter transition.

  • Sixty percent of SoFi members who own crypto prefer using licensed banks over exchanges.
  • Crypto ownership among SoFi members doubled in 2025.

Traditional financial institutions like JPMorgan and DBS Bank have also increased crypto integration, accepting cryptocurrencies for collateral and executing crypto options trades.

SoFi's crypto services are offered by SoFi Bank, N.A., a national bank regulated by the Office of the Comptroller of the Currency, distinguishing it from banks offering only custody or payment services without integrated trading.