SoFi is returning to cryptocurrency, starting with Bitcoin and Ethereum.

The financial services company SoFi, based in San Francisco, will return to the crypto market later this year, allowing users to trade and hold Bitcoin and Ethereum. Previously, SoFi offered crypto services but paused in 2023 after consideration. The company plans to provide stablecoins, staking features, and lending based on cryptoassets in the future.

CEO Anthony Noto stated that innovations in cryptocurrency and blockchain will be integrated into their services to create a one-stop shop for financial needs. The intention to return to this market was outlined by Noto in an earnings call in January. SoFi's stock rose about 0.7% today, reaching $15.96, with an increase of about 13% this year.

B0.24%
BTC-0.82%
ETH-2.19%
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