SoFi resumes cryptocurrency services after two years...Introduces online remittance and digital asset trading

Online digital bank SoFi Technologies has returned to the cryptocurrency market for the first time in two years, following the trend towards deregulation.
Cointelegraph reported on the 26th (local time) that SoFi Technologies has reintroduced cryptocurrency trading and on-chain international remittance functions, giving a full-scale shift in the direction of its fintech business.
SoFi Technologies, a US personal finance and fintech company, said in a statement on the 25th that it was “re-entering the virtual currency market and will be transitioning to blockchain.”
This marks the first return in about two years since the company withdrew from the cryptocurrency business in November 2023 due to regulatory pressure.
SoFi Technologies clients will be able to buy, sell and hold cryptocurrencies within their accounts, and the company plans to launch stablecoin products and cryptocurrency exchanges in the future.
SoFi Technologies is also planning to offer secured lending services. Through a waitlist on its website, the company is announcing plans to expand its asset-backed lending capabilities, diversify payment options, and
SoFi Technologies' Anthony Noto teased the introduction of the new staking feature.
"Through blockchain and cryptocurrency, SoFi Technology is
"I'm excited about the innovations that will be led by Yahoo!" and "The new international remittance service will convert fiat currency into virtual currency, transfer it to the blockchain, and then convert it into the local currency of the receiving country.
I guess," he explained.