The head of SoFi Technologies, Anthony Noto, announced the cessation of support for digital asset transactions on their online banking platform. He advised owners of cryptocurrency accounts to close their accounts and withdraw their assets soon.
As an alternative for users of the American platform, it is suggested to transfer their funds to Blockchain.com, a cryptocurrency service provider. London-based Blockchain.com promises to provide SoFi crypto account holders with access to a wide range of tokens available for trading on their platform.
SoFi also clarified that due to legislative restrictions in the state of New York, its residents will not be able to transfer their assets to the Blockchain.com platform.
In August 2023, SoFi warned its clients about the possibility of discontinuing the trading of certain types of digital assets due to regulatory barriers from US regulatory agencies. The company recently reported that it has more than 166 million dollars in cryptocurrency on its balance sheet.
