SoFi First US Bank to Offer Retail Crypto Trading Under New Rules Ahead of Morgan Stanley, Schwab

Tuesday, 11/11/2025 | 15:24 GMT by Tareq Sikder
  • OCC and FDIC clarify banks can offer crypto custody and execution services.
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SoFi
Source: X

Fintech bank SoFi has resumed crypto trading for its retail customers. The service went live on Tuesday, making it the first national bank to restore retail crypto access under the revised regulatory framework.

Join IG, CMC, and Robinhood at London’s leading trading industry event!

Several major US banks, including Charles Schwab, Morgan Stanley, and PNC Financial Services, are preparing to launch similar services in the coming months.

Trump-Era Policies Expand Bank Crypto Access

The move follows new guidance issued in May by the Office of the Comptroller of the Currency, confirming that US banks can provide crypto custody and execution services. Earlier, the Federal Deposit Insurance Corporation released similar instructions.

The shift marks a departure from the previous administration’s cautious stance on crypto within the banking system. Under President Trump, regulators have taken a more permissive approach toward banks engaging with digital assets.

SoFi Relaunches Crypto Trading for Customers

Anthony Noto, SoFi CEO, Source: LinkedIn
Anthony Noto, SoFi CEO, Source: LinkedIn

SoFi previously offered crypto trading through its mobile app but suspended the service two years ago to complete its national banking license process.

The reintroduced feature allows selected customers to trade Bitcoin , ether, and other digital tokens, with plans to extend access to all 12.6 million customers by the end of 2025.

Beyond trading, banks are expected to explore other blockchain-based activities, such as using dollar-backed stablecoins as collateral for loans, following the federal framework approved in July.

SoFi CEO Anthony Noto said the bank aims to integrate digital asset trading within a regulated structure consistent with existing financial services.

Broadridge Repo Platform Shows Blockchain Growth

Broadridge Financial Solutions’ blockchain-based repo platform processed $385 billion in average daily volumes in October, up from $65 billion a year earlier. The platform handles institutional repurchase agreements, using distributed ledger technology to improve settlement efficiency.

While retail tokenized equity products remain smaller and operate under different regulations, Broadridge’s growth reflects wider adoption of blockchain in traditional finance and the increasing use of digital systems by banks and dealers.

Fintech bank SoFi has resumed crypto trading for its retail customers. The service went live on Tuesday, making it the first national bank to restore retail crypto access under the revised regulatory framework.

Join IG, CMC, and Robinhood at London’s leading trading industry event!

Several major US banks, including Charles Schwab, Morgan Stanley, and PNC Financial Services, are preparing to launch similar services in the coming months.

Trump-Era Policies Expand Bank Crypto Access

The move follows new guidance issued in May by the Office of the Comptroller of the Currency, confirming that US banks can provide crypto custody and execution services. Earlier, the Federal Deposit Insurance Corporation released similar instructions.

The shift marks a departure from the previous administration’s cautious stance on crypto within the banking system. Under President Trump, regulators have taken a more permissive approach toward banks engaging with digital assets.

SoFi Relaunches Crypto Trading for Customers

Anthony Noto, SoFi CEO, Source: LinkedIn
Anthony Noto, SoFi CEO, Source: LinkedIn

SoFi previously offered crypto trading through its mobile app but suspended the service two years ago to complete its national banking license process.

The reintroduced feature allows selected customers to trade Bitcoin , ether, and other digital tokens, with plans to extend access to all 12.6 million customers by the end of 2025.

Beyond trading, banks are expected to explore other blockchain-based activities, such as using dollar-backed stablecoins as collateral for loans, following the federal framework approved in July.

SoFi CEO Anthony Noto said the bank aims to integrate digital asset trading within a regulated structure consistent with existing financial services.

Broadridge Repo Platform Shows Blockchain Growth

Broadridge Financial Solutions’ blockchain-based repo platform processed $385 billion in average daily volumes in October, up from $65 billion a year earlier. The platform handles institutional repurchase agreements, using distributed ledger technology to improve settlement efficiency.

While retail tokenized equity products remain smaller and operate under different regulations, Broadridge’s growth reflects wider adoption of blockchain in traditional finance and the increasing use of digital systems by banks and dealers.

About the Author: Tareq Sikder
Tareq Sikder
  • 1989 Articles
  • 32 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 1989 Articles
  • 32 Followers

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