SoFi Launches Crypto Trading, Features XRP

SoFi, a San Francisco–based banking firm, announced the launch of cryptocurrency trading services for its users on Tuesday, November 11. Crypto commentator Chad Steingraber shared the news, generating discussion within the crypto community.

The development will allow SoFi users direct access to cryptocurrencies, including XRP, within the traditional banking system. This move positions XRP for increased adoption and potential price appreciation.

SoFi’s decision to integrate crypto trading comes amid rising institutional interest in XRP and increasing expectations for spot XRP ETFs. Recent legal clarity from the U.S. SEC has strengthened XRP’s status as an institutional-grade asset.

SoFi is now the first nationally chartered bank in the U.S. to offer Bitcoin and other cryptocurrencies, including XRP, for trading. The bank is known for integrating digital banking infrastructures within the traditional financial ecosystem.

Users can now trade cryptocurrencies directly from their SoFi banking accounts. This move is expected to further mainstream cryptocurrency adoption.

Commentators have expressed confidence that leading cryptocurrencies, particularly XRP, are poised for significant price movements following this development. XRP had recently experienced daily surges of over 10% before cooling down.

Source: u.today

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.