SoFi Technologies will allow members to borrow against their cryptocurrency holdings

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The firm also eventually intends to offer stablecoins and other services, including providing members with the ability to borrow against their crypto assets, expanding payment options, and introducing new staking features.

Customers will be able to buy, sell and hold cryptocurrencies such as Bitcoin and Ethereum in their accounts, SoFi said in a statement Wednesday. The plan is to eventually expand into stablecoin offerings and add the ability to borrow against cryptoassets.