SoFi Charges Back into Crypto: Trading and Global Remittances Now Live!

Hold onto your hats, folks! SoFi Technologies is back in the crypto game, firing up spot trading on their platform. You can now buy, sell, hold, and even send your crypto around the world with ease!

This isn't just a small move. We're talking big league action with Bitcoin, Ethereum, and a whole bunch of other digital currencies up for grabs. That's right, SoFi's diving in headfirst, and their customers are in for a wild ride!

But wait, there's more! SoFi's not stopping at trading. They're gearing up for global remittances and eyeing stablecoins too. CEO Anthony Noto's been on this since he hinted at a comeback a few months back. It's happening, and it's happening now!

Regulatory Winds of Change in the U.S.

SoFi's bold return comes as the U.S. sees a shift in the regulatory landscape, breathing new life into the traditional finance scene.

Remember back in August 2023 when SoFi was forced to pull the plug on crypto investing due to the regulatory mess? They did just that, telling customers to move their assets or liquidate in November 2023. But hold up, fast forward to April 2025, and CEO Noto's ready to take the stage again. He's not just dipping a toe in; he's ready to integrate blockchain across SoFi's entire business. The regulatory environment? It's looking up, and that's the catalyst!

“We want to be able to offer blockchain products and crypto products across every area that we’re currently in, so across lending, across paying, across investing, as well as protecting,” Noto declared with conviction.

And with the latest move, Noto's fired up about the future. He's all about innovation in crypto and blockchain, reshaping the world of financial services. SoFi's on a mission to speed up this revolution, giving their customers more control and options across investing, cross-border payments, or just stashing away some savings.

Even Federal Reserve Chair Jerome Powell's jumping on board, telling lawmakers that banks are “free” to dive into the crypto world. He made it clear during his testimony to the Senate Banking Committee - banks, go wild with crypto activities!

And here's the kicker: regulators are getting cozy with stablecoins too. The mood's upbeat after the U.S. Senate passed the GENIUS Act. President Donald Trump's all for it, urging lawmakers to rush the bill to his desk ASAP.