SoFi Technologies, listed on Nasdaq, has resumed cryptocurrency trading after a two-year break, making this unexpected move amid growing institutional interest in Bitcoin and altcoins.
Resumption of Cryptocurrency Trading
SoFi Technologies announced the revival of its cryptocurrency trading and blockchain-based money transfer services. This announcement follows the company's suspension of operations in the crypto sector in November 2023.
New Services for Customers
Now, SoFi customers will be able to buy, sell, and hold cryptocurrencies such as Bitcoin. The company also plans to launch a blockchain-based overseas remittance service along with lending and staking services.
Comments from SoFi Leadership
SoFi CEO Anthony Noto stated: "With innovations in crypto, digital assets, and blockchain in general, the future of financial services is being completely reinvented. We are accelerating our efforts to give our members more choice and more control."
SoFi Technologies' resumption of cryptocurrency trading highlights the growing interest in digital assets and the potential for their integration into financial services, paving the way for new opportunities for customers.
