SoFi Becomes First National U.S. Bank to Offer Crypto Trading

The “bank versus crypto” divide just officially ended.

SoFi (NASDAQ: SOFI) has launched SoFi Crypto, becoming the first and only nationally chartered, FDIC-insured bank in the U.S. to let users buy, sell, and hold digital assets directly within their bank account.

No subsidiaries. No middlemen. Just a federally regulated bank, approved by the Office of the Comptroller of the Currency (OCC), entering crypto trading head-on.

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The Signal: Banking Meets Crypto in One App

For years, U.S. banks were told to stay away from crypto. SoFi just broke that wall.

The rollout starts today, giving members access to Bitcoin, Ethereum, and Solana directly through the same SoFi app they already use for checking, savings, and investing.

It’s a direct challenge to crypto-native exchanges, and SoFi knows it.

The company’s data shows that 60% of its crypto-owning members would prefer to trade through a licensed bank over their current exchange.

By offering both FDIC-insured deposits and crypto trading in one interface, SoFi is positioning itself as the first “one-stop-shop” where traditional banking meets digital assets – fully regulated, and built for the mainstream.

The Future Playbook

CEO Anthony Noto called this a “pivotal moment” and doubled down on his long-term vision:

“Blockchain technology will fundamentally change every way finance is done.”

SoFi isn’t just testing crypto. It’s building it into the foundation of its business. The company confirmed plans to:

• Launch its own USD-denominated stablecoin
• Integrate crypto lending and payments across its financial products

While most banks are still drafting pilot programs, SoFi just went live.

This marks the beginning of a new phase in U.S. adoption,  where regulated, consumer-facing banks begin competing directly with exchanges for retail crypto users.