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-0.00172876037336106 -0.00385625405427865 -0.0031667311090589 0.00130695562422312 -0.00476447637094523 0.000987406571845894 0.00977820100274496 0.0139733368270695
Stock impact report

Why SoFi (SOFI) Stock Is Trading Up Today [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) rose 1.3% in the morning session after the company announced the launch of SoFi Crypto, making it the first nationally chartered U.S. bank to offer direct cryptocurrency trading to consumers. The new service allows its members to buy, sell, and hold various digital assets, including popular ones like Bitcoin, Ethereum, and Solana, directly within the SoFi app. This development makes SoFi the only FDIC-insured bank to offer crypto trading alongside traditional banking and investing services in one place. The move, which followed eased regulations from the Office of the Comptroller of the Currency, was seen by investors as a way for the company to generate new fee revenue and increase customer engagement across its platform. After the initial pop the shares cooled down to $31.35, up 1.2% from previous close. Is now the time to buy SoFi? Access our full analysis report here What Is The Market Telling Us Show less Read more
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