SoFi Technologies announced it would resume spot cryptocurrency trading in June 2025 following interpretive letters from the Office of the Comptroller of the Currency (OCC) that allow banks to custody crypto and execute trades.

Date

June 25, 2025

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SoFi Technologies, the fintech company and largest online lender in the United States, will reintroduce spot crypto trading to its platforms and launch a new blockchain-based remittance service, the company announced Wednesday.

SoFi stopped offering crypto trading services in 2023 as it became a regulated bank. However, two Office of the Comptroller of the Currency interpretive letters from March and May now permit nationally chartered banks to offer crypto custody, execute trades, and hold stablecoin reserves, among other related activities, Sofi said Wednesday.

Federal Reserve Chair Jerome Powell told lawmakers this week that banks are “free” to offer crypto services. The Fed Chair, in testimony given to the Senate Banking Committee, also noted that banks are free to conduct crypto activities.

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Week 26 of 2025