SoFi plans to restart crypto services by the end of 2025

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PA一线04/30/2025, 12:07 AM

PANews reported on April 30 that according to CoinDesk, financial technology company SoFi announced that it will restart cryptocurrency services and plans to resume customer crypto asset investment functions by the end of this year. The company's CEO Anthony Noto said in an interview with CNBC that this return will be more strategic than before the suspension of services in 2023, and plans to integrate blockchain technology in all its major products in the next 24 months.

In 2023, SoFi proactively suspended trading services for more than 20 tokens in order to obtain a U.S. banking license. Noto said that the new regulations issued by the U.S. Office of the Comptroller of the Currency (OCC) in March this year reduced the compliance burden of banks participating in crypto businesses, creating conditions for restarting. In addition to trading, SoFi may also launch crypto payment and crypto asset lending services.

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Author: PA一线

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