SoFi has achieved a significant milestone by becoming the first national licensed bank in the United States to provide cryptocurrency trading services. This development marks a notable advancement in the intersection of traditional banking and digital currencies. By offering cryptocurrency trading, SoFi aims to enhance its financial services and attract a broader customer base interested in digital assets. As a licensed bank, SoFi is positioned to offer a regulated environment for users engaging in cryptocurrency transactions. This move could potentially set a precedent for other financial institutions considering similar offerings.
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