SoFi First US Bank Offering Crypto Trading with XRP
SoFi, a nationally chartered US bank, has launched crypto trading services. The move makes SoFi the first US chartered bank to offer crypto trading services directly from customer bank accounts. The launch includes support for Bitcoin and XRP, placing the altcoin in the spotlight. Crypto traders have welcomed the news, with commentator Chad Steingraber highlighting its potential to drive adoption. The timing coincides with renewed interest in spot XRP ETFs and recent US SEC legal clarity, reinforcing XRP’s institutional appeal. By integrating crypto trading services, SoFi bridges traditional finance and digital assets, signaling growing mainstream acceptance and potentially boosting crypto price momentum.
Bullish
This news is categorized as bullish because SoFi’s entry into crypto trading services marks a significant step in mainstream adoption. As the first US chartered bank offering direct crypto trading, SoFi legitimises digital asset trading within traditional banking systems. Similar events, such as when major brokerage firms launched crypto services, led to price rallies in Bitcoin and altcoins. Short-term, the news could spark increased trading volume and upward price pressure on XRP and other supported currencies. Long-term, the integration of crypto trading services by a regulated bank may encourage more institutional participation, enhancing market stability and growth prospects.