SoFi rolls out crypto trading for retail customers

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SoFi, a fintech bank, has launched crypto trading services for retail customers, marking a significant move as it becomes the first major US bank to do so, following its previous decision to discontinue crypto services to obtain a national banking license.

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Market impact analysis based on bullish sentiment with 72% confidence.

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Bullish
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72%

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Fintech bank SoFi rolled out crypto trading to retail customers on Tuesday, setting the pace as the first of several large national US banks planning similar moves. SoFi previously gave customers the ability to buy, sell, and hold crypto through its app, but it agreed to shutter that service two years ago to obtain — and keep — approval for its national banking license.

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