SoFi relaunches cryptocurrency investment and launches global remittance service

According to Bloomberg, SoFi announced that it will reintroduce cryptocurrency spot trading on its platform, allowing users to buy, sell, and hold digital currencies such as Bitcoin and Ethereum, and will also launch a blockchain based global remittance function within the app. Previously, SoFi suspended its cryptocurrency investment business in 2023 due to stricter regulations. The company stated that new guidelines recently issued by regulatory agencies have allowed national banks to provide some cryptocurrency services.