[SoFi Launches Consumer-Focused Cryptocurrency Trading Service] According to The Block, SoFi Technologies has launched 'SoFi Crypto,' becoming the first nationally licensed bank to directly integrate consumer-focused cryptocurrency trading services. This feature will be rolled out in phases, allowing users to buy, sell, and hold 'dozens' of cryptocurrencies such as BTC, ETH, and SOL directly within the SoFi App using funds from FDIC-insured checking/savings accounts (the cryptocurrencies themselves are not FDIC-insured). SoFi previously partnered with Coinbase in 2019 to offer crypto trading, which was suspended in 2023; this marks its first direct integration since obtaining a banking license. The company is also advancing the application of blockchain in remittances, stablecoins, lending, and payment infrastructure, and stated that 60% of crypto-holding members prefer managing their crypto assets with a licensed bank.