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Stock impact report

SoFi Becomes First U.S. Bank to Bring Crypto to Retail Traders [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
As Wall Street's biggest banks prepare to open the doors to crypto trading, fintech lender SoFi Technologies is moving first, rolling out the ability for everyday customers to buy, sell and hold cryptocurrencies directly inside its FDIC-insured banking app SoFi last month became the first nationally chartered U.S. bank to offer retail crypto trading, restarting a service it shut down two years ago to secure its banking license and marking a major step in the push to bring digital assets into the traditional financial system. The launch comes as regulators reverse years of caution around crypto and as interest in digital assets surges again into year-end. The Office of the Comptroller of the Currency and FDIC have clarified that banks can now engage in crypto custody and execution, opening the door for major players like Charles Schwab, Morgan Stanley and PNC to follow SoFi's lead in the coming months. For SoFi, the move fits into its strategy to become a one-stop shop where mem Show less Read more
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