The fintech company SoFi will resume cryptocurrency trading services and launch a blockchain-based global remittance business.

[The fintech company SoFi will resume crypto trading services and launch blockchain-based global remittance services] Fintech company SoFi announced that it will launch new global remittance services and crypto asset investments later this year. According to the announcement, SoFi members will be able to buy, sell, and hold various crypto assets including Bitcoin and ETH later this year. The company ultimately plans to offer stablecoins and other services, including providing members with lending capabilities backed by crypto assets, expanding payment options, and introducing new staking features. SoFi ceased offering Crypto Assets trading services in 2023 to become a regulated bank. However, SoFi announced on Wednesday that the Office of the Comptroller of the Currency (OCC) issued two explanatory letters in March and May, allowing national chartered banks to provide Crypto Assets custody, execute transactions, hold stablecoin reserves, and engage in other related activities.