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- SoFi is the first FDIC-insured U.S. bank to combine banking and crypto trading in one app.
- Bitcoin, Ethereum, Solana, and other cryptos are now available for phased trading rollout.
- Early adopters joining the waitlist by Nov. 30 can enter to win one Bitcoin.
SoFi Bank officially relaunched its crypto trading services, becoming the first and only nationally chartered, FDIC-insured U.S. bank to offer banking, borrowing, investing, and crypto trading within a single application. The move positions SoFi as a unique player bridging traditional finance and digital assets.
Users can now trade Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and dozens of other cryptocurrencies. The rollout is phased, with priority access available through a waitlist open until November 30, 2025. Early adopters who join the waitlist, open a crypto account, and complete three trades of $10 or more by January 31, 2026, are eligible to win one Bitcoin.
A Return to Crypto Services
SoFi originally offered crypto trading in 2019, providing Bitcoin, Ethereum, and Litecoin via Coinbase. Services were paused in December 2023 amid regulatory uncertainty during the bank’s charter transition. The relaunch follows a surge in DeFi activity post-election and reflects growing consumer demand: 60% of SoFi members holding crypto prefer licensed banks over traditional exchanges, and overall crypto ownership among members doubled in 2025.
Also Read: Avalanche Gateway Transforms US Bank Loan Trading
Crypto Integration in Traditional Banking
SoFi’s move aligns with a broader trend in the banking industry. Major institutions like JPMorgan now accept Bitcoin and Ethereum as collateral for select transactions, while DBS Bank and Goldman Sachs have executed crypto options trades. Unlike banks offering limited custody or payment services, SoFi allows integrated crypto trading directly within its regulated banking framework, overseen by the Office of the Comptroller of the Currency.
Looking Ahead
The relaunch highlights the increasing intersection of traditional banking and digital finance. By integrating crypto trading with banking and investing, SoFi provides users with a secure, unified platform to manage both fiat and digital assets. With a growing waitlist and promotional incentives, the bank is poised to attract new crypto enthusiasts while strengthening its foothold in the evolving financial landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
