In a groundbreaking development for the financial industry, SoFi Bank has officially launched its cryptocurrency trading service. This move makes SoFi the first nationally chartered bank in the United States to allow its customers to buy, sell, and hold crypto assets directly. It’s a bold step that bridges the traditional banking system with the fast-growing digital currency world.
The bank, known for its tech-forward approach to finance, is now setting the stage for mainstream adoption of crypto by integrating it within standard banking operations. By doing this, SoFi is not only expanding its service offerings but also signaling a shift in how traditional financial institutions view digital assets.
Why This Matters for the Crypto Industry
Until now, crypto trading was largely limited to specialized exchanges and fintech platforms. With SoFi entering the space, it brings a level of legitimacy and trust that could attract more conservative investors to digital assets. This could especially appeal to those who were hesitant to use unregulated platforms or third-party exchanges.
SoFi Bank’s regulatory status as a nationally chartered bank gives it a distinct edge. It reassures customers that their assets are handled under federal banking standards, unlike many crypto services that operate in legal gray areas. This could pave the way for more banks to follow suit, further integrating crypto into the broader financial system.
BIG: SoFi Bank launches crypto trading, making it the first nationally chartered bank to offer consumers the ability to buy, sell, and hold crypto. pic.twitter.com/2jEvwZC7dr
— Cointelegraph (@Cointelegraph) November 12, 2025
What Customers Can Expect
SoFi’s crypto service reportedly allows users to trade popular cryptocurrencies like Bitcoin, Ethereum, and others directly through the bank’s mobile and online platforms. The service is designed to be user-friendly, catering to both beginners and experienced investors.
Customers can view their crypto holdings alongside traditional bank accounts, simplifying the experience of managing digital and fiat assets in one place. The move could make crypto more accessible to everyday consumers, opening doors for greater adoption in the coming years.