SoFi bank now letting people trade crypto ( good sign....)

[Rufsilf]

Just read from Reuters that SoFi, yep an actual U.S. bank, is now allowing their users to trade bitcoin, eth, solana and more right inside their banking app.

Kinda crazy to think about it, right? few years ago banks were so anti-crypto, now they’re the ones jumping in. they said regulators already cleared it, so maybe rules are finally getting clear in the US.

For me this looks good for adoption, more people will get access to crypto without going thru those sketchy exchanges. and it also means the big players are slowly accepting that crypto’s not going anywhere.

but at the same time, it also feels weird... like, this thing that was supposed to be “no banks needed” is now being offered by a bank.

what do you guys think, is it a good progress or another sign that the system’s trying to take over bitcoin again?

https://www.reuters.com/technology/sofi-rolls-out-crypto-trading-digital-asset-gold-rush-draws-lenders-2025-11-11/

The fintech said its customers will be able to buy, sell and hold dozens of cryptocurrencies, including bitcoin, ethereum, and solana, some of the world's biggest tokens by market value.
"SoFi is the first bank in the U.S. to offer crypto trading and investing," CEO Anthony Noto said.
"The product we're launching today is for retail members, but institutional access is right around the corner."

[retaur]

I guess that means they've decided they can't beat it anymore and have to get on board or cope with the consequences of not doing. I guess that's good.

I hope they know what they're doing though and the regulations are strict enough so people don't lose money/crypto in the process of trying to gain exposure to it.

[JiiBs]

https://www.reuters.com/technology/sofi-rolls-out-crypto-trading-digital-asset-gold-rush-draws-lenders-2025-11-11/

The fintech said its customers will be able to buy, sell and hold dozens of cryptocurrencies, including bitcoin, ethereum, and solana, some of the world's biggest tokens by market value.
"SoFi is the first bank in the U.S. to offer crypto trading and investing," CEO Anthony Noto said.
"The product we're launching today is for retail members, but institutional access is right around the corner."

It’s still a plan from what I’ve read and not fully launched yet, even then, it appears to be what would be done in phases with the first phase being for retailers which means, this is a testing phase where they would use this to come up with workable systems about limited amounts and expand into institutional holders that would go with higher volume for its investments.

It’s a huge step towards adoption and it highlights just what was the course of recourse to revolve about unclear regulations.

It’s a good one to say the least and I wouldn’t be surprise to find other banks taking in their steps.

[Rufsilf]

It’s still a plan from what I’ve read and not fully launched yet, even then, it appears to be what would be done in phases with the first phase being for retailers which means, this is a testing phase where they would use this to come up with workable systems about limited amounts and expand into institutional holders that would go with higher volume for its investments.

Yeah could be just a rollout announcement, like testing the waters first. If things go well then maybe they’ll push it full scale.
But I’m kinda optimistic about it, banks don’t usually make moves without studying things carefully. For sure they already have a solid plan and marketing strategy behind this one.

[Aanuoluwatofunmi]

There a goodnews to this adoption and also a careful warning to observe at the same time, first of all, the goodnews is that Bitcoin is becoming more acceptable by the financial institutions and they know permits for it uses, while on the other note, we should be careful in using them for this same purpose, because they've got all our details and could track us, except we remain decentralized.

[_act_]

https://www.reuters.com/technology/sofi-rolls-out-crypto-trading-digital-asset-gold-rush-draws-lenders-2025-11-11/

The fintech said its customers will be able to buy, sell and hold dozens of cryptocurrencies, including bitcoin, ethereum, and solana, some of the world's biggest tokens by market value.
"SoFi is the first bank in the U.S. to offer crypto trading and investing," CEO Anthony Noto said.
"The product we're launching today is for retail members, but institutional access is right around the corner."

The will allow their customers to buy dozens of cryptocurrencies? That is very bad.

It is a good news but only few coins like bitcoin should be allowed, they will only let their customers to be exposed to coins that are not store of value.

I support the idea but I do not support many coins to be included.

[minairia3]

what do you guys think, is it a good progress or another sign that the system’s trying to take over bitcoin again?

In terms of adoption, this is a good sign because it will make it easier for more people to access Bitcoin and crypto in general. But this goes against the philosophy of bitcoin and cryptocurrencies which is to reduce dependence on third parties like banks. However, there is one more thing we need to keep in mind, whether we like it or not, there is no way to stop them from intervening further in the market. This is an open market and is for everyone. So let's look on the bright side, don't think too much about things we can't do anything about.

[slaman29]

Not really different from using Revolut or Robinhood tho right? Which is even crazier as its an app even 16 yr olds could use with permissions.

And then when you realize you're not buying any BTC (can't withdraw), then you know its really nothing special. Like those 1xbit weird exchanges from 10 years ago