SoFi Bank: First FDIC Designated Bank to Launch Crypto Trading Now!

SoFi Bank: First FDIC Designated Bank to Launch Crypto Trading Now!

SoFi Bank took its first step into the world of cryptocurrency trading on November 11, 2025. With the launch of its crypto trading services, the bank sets a new standard as the first and only nationally licensed and FDIC-insured bank to offer crypto directly to consumers. This novel platform allows members to buy, sell and hold a variety of cryptocurrencies such as Bitcoin, Ethereum and Solana.

These services are accessed via an existing app that customers use not only for banking and borrowing, but also for investments. This greatly simplifies the process as users do not need to make additional transfers thanks to the integration between services. Instead, purchases can be funded directly from their FDIC-insured SoFi Money accounts.

Innovative features for users

The new SoFi Crypto platform places a strong emphasis on education. The app offers both in-app educational resources and step-by-step instructions that are helpful for both beginners and experienced crypto traders. This extensive support could be crucial in making users feel more secure when entering the crypto market.

A notable trend is also evident in the numbers: SoFi reports crypto ownership will double in 2025. Additionally, members show a preference for SoFi's bank-based trading options compared to traditional crypto exchanges.

The gradual rollout of these new features will expand in the coming weeks, which could drive additional interest and engagement from customers in SoFi's crypto trading options. The bank's move could significantly impact the financial and crypto ecosystem and shows financial institutions' growing commitment to digital currencies.

For more information about this groundbreaking step, interested readers can view the full coverage Daily Hodl read up.