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As institutional interest in Bitcoin (BTC) and altcoins continues to grow rapidly lately, the US bank could not resist this interest.
Accordingly, Nasdaq-listed online banking platform SoFi Technologies announced that it has restarted its Bitcoin and cryptocurrency trading service after a two-year hiatus.
At this point, SoFi Technologies, which has made a big comeback in cryptocurrencies, said that it has revived cryptocurrency trading and on-chain money transfers.
For SoFi, the move marks a major milestone following its November 2023 crypto exit.
With this move, SoFi customers will now be able to buy, sell and hold cryptocurrencies like Bitcoin in their accounts.
The statement also reported that they will launch a blockchain-based overseas remittance service as well as a lending and staking transaction service.
SoFi CEO Anthony Noto said:
“With innovations in crypto, digital assets and blockchain in general, the future of financial services is being completely reinvented. We are accelerating our efforts to give our members more choice and more control, whether they are investing, sending money across borders or planning for their future. Crypto and blockchain innovations can and will be woven into every aspect of our business and capability, including buying, paying, saving, investing, borrowing and protecting. And as we do this, we will continue to stand alone in providing our members with unparalleled products and services as the only digital one-stop shop for their financial needs.”
*This is not investment advice.