SoFi Crypto Bank Relaunches BTC & ETH Trading After Charter
SoFi secured a US national bank charter in January 2022 from the OCC and Federal Reserve. It became the first SoFi crypto bank to absorb low-cost retail deposits. Funding costs dropped by up to 5 percentage points. Deposits grew from $1.2 billion in Q1 2022 to $21.6 billion by end-2024.
After a three-year pause, SoFi relaunched Bitcoin (BTC) and Ethereum (ETH) trading on November 11, 2025. It now offers savings, loans, investments and crypto trading in one platform. Plans include issuing a fully reserved USD stablecoin in 2026 and adding blockchain tools to its services.
This surge in services and regulatory clarity drove SoFi crypto bank’s stock up 116% YTD to a $38.9 billion market cap. Traders see it as a model for regulated crypto banking. The development highlights mainstream adoption and institutional support.
Bullish
This development is bullish for BTC and ETH. SoFi’s national bank charter and low-cost deposit base demonstrate regulatory endorsement and financial stability. The relaunch of crypto trading on a trusted banking platform is likely to drive short-term volume and price momentum. Long term, the planned USD stablecoin and blockchain integration will deepen liquidity and encourage broader adoption. As a model for regulated crypto banking, this news could attract more institutions and sustained capital inflows, supporting upward price trajectories.