SoFi Becomes First National Bank To Let Americans Trade Crypto
SoFi, the fintech that won a national bank charter, has begun letting US customers buy, sell and hold cryptocurrencies inside its app. The move was announced on November 11, 2025 and comes as the company says it will offer dozens of tokens, including Bitcoin, Ethereum and Solana. Related Reading: Bitcoin Treasury Jump: Strive Buys 1,567 […]
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The new bank will be subject to heightened scrutiny from the OCC for at least three years. In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States.The OCC is the office of the U.S. Treasury that regulates federal banks throughout the country. SoFi, which stands for Social Finance, is a fintech startup that has historically provided loans and refinancing services. In 2019, the firm launched crypto trading, and last December, the New York Department of Financial Services granted....
Anthony Noto, CEO of SoFi Technologies, talked about the risks associated with cryptocurrency before revealing that he holds some digital assets. In an interview with CNBC, Noto explained; We’re invested in cryptocurrency. We own bitcoin, we own ethereum, we own some of the more obscure and different cryptocurrencies, but it’s a very small part of […]
Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm. Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi. The company went public earlier this year through a merger with a blank-check company led by Palihapitiya, and was valued originally at $8.65 billion and now has a market cap of $17.04 billion.Palihapitiya, a Bitcoin billionaire and former senior executive at Facebook, confirmed his move to sell SoFi stock via a tweet on Nov. 19. 1/....
Quick Facts: ➡️ SoFi became the first nationally chartered U.S. bank to offer in-app crypto trading, signaling a policy-driven thaw in bank crypto. ➡️ Wider bank distribution typically deepens liquidity and lowers frictions, funneling new users toward non-custodial wallets where utility lives. ➡️ Best Wallet positions $BEST as a utility token for reduced fees, presale […]
Bank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged 43 and older. “If the youngest cohort isn’t confident in stocks, where do they see opportunities for investment growth? Alternatives, including cryptocurrencies, which are their No. 1 choice,” the bank wrote. Young Wealthy Americans Prefer Cryptocurrencies to Stocks Bank of America released its 2022 Private Bank Study of Wealthy Americans this week. The report highlights the results of an online survey, conducted from May to June, of 1,052....