SoFi Dives into Crypto Trading, Blurring Finance-Crypto Lines
Update: 2025-11-12
Description
SoFi, a major financial technology company, has announced a significant expansion into the cryptocurrency market, offering direct spot crypto trading to U.S. customers through their existing banking and investment platform. This move, which includes plans for wallet custody and staking features, is a pivotal moment where banking meets crypto in one trusted application. The broader crypto market saw rebounds after a recent selloff, with Bitcoin trading around $105,000. Other notable news includes Circles evaluation of an ARC token for its stablecoin chain and Winklevoss Capitals funding of a new Zcash data availability layer. This convergence of traditional finance and cryptocurrency is expected to broaden access to digital assets and further legitimize crypto.
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