SoFi Technologies, Inc. announced the launch of SoFi Crypto, making it the first and only nationally chartered, FDIC-insured bank to offer crypto trading to consumers. The new service allows members to buy, sell, and hold a variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) within its digital platform.
The phased rollout of SoFi Crypto begins today and will expand to more users in the coming weeks. Members can use their SoFi Money Checking or Savings accounts to purchase cryptocurrencies without needing to transfer funds between accounts.
Anthony Noto, CEO of SoFi, said: “Today marks a pivotal moment when banking meets crypto in one app, on a trusted platform, and driven by our core mission to help our members get their money right. I believe blockchain technology will fundamentally change EVERY way finance is done throughout the world by making money movement faster, cheaper and safer, while opening new ways for people to borrow better, invest better, spend and save better. It’s critical to give our members a secure and regulated way to step into the future of money. As the first and only nationally chartered bank to launch crypto trading to consumers, we are uniquely positioned to drive this innovation and set a new standard built on security, stability, and transparency.”
SoFi states that its crypto platform is built with institutional-level security measures and compliance standards overseen by U.S. bank regulators. The company emphasizes that assets held in SoFi Crypto are not FDIC or SIPC insured and may lose value.
To address knowledge gaps among potential investors, SoFi Crypto includes educational resources within its app as well as simple guidance for those new to digital assets. The company notes that many consumers have avoided purchasing cryptocurrency due to lack of understanding.
Recent data from SoFi indicates increased interest in digital assets during 2025 with ownership rates doubling this year. About 60% of SoFi members who own crypto would prefer managing their holdings through a licensed bank rather than a traditional crypto exchange—suggesting confidence in regulated financial institutions like SoFi.
This launch is part of a broader strategy at SoFi which involves using blockchain for international remittances with aims for quicker and less expensive transfers. The company also plans future offerings such as introducing a USD stablecoin and integrating cryptocurrency features into lending services.
Prospective customers can join a waitlist for priority access; they also have an opportunity to enter for a chance at receiving one Bitcoin if they join by November 30, open an account, and make three qualifying transactions by January 31, 2026.
For more information about the new service visit https://www.sofi.com/crypto/.
SoFi serves over 12.6 million members who use its platform for various financial needs including borrowing, saving, spending, investing, insurance protection as well as access to financial planners.
Cryptocurrency transactions conducted through SoFi are final once submitted on the blockchain; asset availability may vary depending on legal requirements or regulatory changes. Full terms are outlined in the company's user agreement.
Investors can stay updated via https://www.sofi.com or through official channels listed on the investor relations website.