SoFi Technologies will allow users to buy, sell, and hold popular cryptocurrencies such as Bitcoin and Ethereum

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SoFi members will be able to buy, sell, and hold a selection of cryptocurrencies like Bitcoin and ETH later this year, according to the announcement.

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.