In a significant move signaling deeper integration of blockchain technology into mainstream financial services, fintech leader SoFi has announced plans to relaunch its cryptocurrency trading platform and introduce a new global remittance service powered by blockchain. This strategic expansion underscores the growing demand for digital asset accessibility and faster, more affordable cross-border payments.
The company revealed that later this year, SoFi members will be able to buy, sell, and hold major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). While SoFi paused its crypto trading offerings in 2023 after becoming a fully chartered bank, regulatory clarity from the U.S. Office of the Comptroller of the Currency (OCC) has paved the way for its return.
Regulatory Green Light Enables Crypto Expansion
In March and May of this year, the OCC issued two interpretive letters confirming that nationally chartered banks are permitted to offer a range of cryptocurrency-related services. These include crypto custody, transaction execution, stablecoin reserve holdings, and other blockchain-based activities. This clarification removes previous regulatory uncertainty and allows SoFi — as a regulated national bank — to safely re-enter the digital asset space.
This development marks a pivotal moment in the convergence of traditional finance (TradFi) and decentralized finance (DeFi). By leveraging its banking charter alongside modern blockchain infrastructure, SoFi aims to offer users a compliant, secure, and user-friendly gateway to crypto assets.
What’s Coming: Crypto Trading, Staking, and More
SoFi’s upcoming crypto suite will initially support trading of leading digital currencies like Bitcoin and Ethereum, with plans to expand support to include stablecoins in the near future. Beyond simple trading, the company intends to roll out advanced features over time, including:
- Crypto-backed lending: Allowing members to borrow against their digital asset holdings.
- Staking services: Enabling users to earn rewards by participating in network validation for proof-of-stake blockchains.
- Expanded payment options: Integrating crypto assets into everyday financial use cases.
These additions align with SoFi’s broader mission to provide holistic financial solutions — from student loan refinancing and personal banking to investing and now, digital assets.
Blockchain-Powered Global Remittances
Alongside its crypto relaunch, SoFi is preparing to debut a blockchain-based global money transfer service. Traditional international wire transfers are often slow, expensive, and opaque, with fees averaging 6–10% of the transaction amount according to the World Bank. By utilizing blockchain technology, SoFi aims to drastically reduce both cost and settlement time.
Cross-border transactions that typically take 3–5 business days could be completed in minutes, with transparent fee structures and real-time tracking. This service is expected to benefit millions of Americans who send money abroad annually, particularly those supporting family members in Latin America, Asia, and Africa.
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Why This Matters for Mainstream Adoption
SoFi serves over 7 million active members, many of whom are young professionals and first-time investors. Its decision to reintegrate crypto services reflects growing consumer demand and increasing institutional confidence in digital assets.
Key factors driving this trend include:
- Improved regulation: Clearer guidelines from U.S. authorities reduce legal risk for financial institutions.
- Enhanced security: Advances in custody solutions and cold storage make asset protection more robust.
- User demand: Millennials and Gen Z consumers expect crypto access as part of their financial toolkit.
As one of the most prominent fintech brands in the U.S., SoFi’s return to crypto could inspire other banks to follow suit, accelerating the normalization of digital assets within everyday banking.
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Frequently Asked Questions (FAQ)
When will SoFi relaunch its crypto trading service?
SoFi plans to reintroduce cryptocurrency trading later in 2025. While an exact date hasn’t been announced, the company confirmed that members can expect access to Bitcoin and Ethereum trading before year-end.
Will SoFi support stablecoins?
Yes. Although initial services will focus on Bitcoin and Ethereum, SoFi has stated its intention to offer stablecoin-related products in the future, including support for holding and potentially issuing reserve-backed stable assets.
Is SoFi a regulated crypto platform?
Yes. As a nationally chartered bank supervised by the OCC, SoFi operates under strict regulatory oversight. Its crypto services will adhere to federal compliance standards, including anti-money laundering (AML) and know-your-customer (KYC) requirements.
How does blockchain improve international money transfers?
Blockchain reduces reliance on intermediary banks, enabling peer-to-peer transactions with lower fees and near-instant settlement. It also provides end-to-end transparency, allowing users to track transfers in real time.
Can I stake crypto on SoFi?
Staking is part of SoFi’s planned roadmap. While not available at launch, the company intends to introduce staking capabilities for eligible proof-of-stake cryptocurrencies like Ethereum in a future update.
Will SoFi offer crypto lending?
Yes. SoFi aims to introduce lending services backed by cryptocurrency holdings, allowing users to borrow cash against their digital assets without selling them.
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The Bigger Picture: Fintech Evolution in 2025
SoFi’s dual launch of crypto trading and blockchain remittances exemplifies how fintech companies are redefining financial inclusion. By combining regulatory compliance with cutting-edge technology, platforms like SoFi are making sophisticated financial tools accessible to everyday consumers.
As adoption grows, we can expect further integration of decentralized technologies into core banking functions — from savings accounts earning yield via DeFi protocols to instant global payroll settlements using stablecoins.
For users, the message is clear: the future of finance is digital, borderless, and increasingly within reach.