SoFi Technologies is reentering the cryptocurrency market after halting services in November 2023 due to regulatory challenges. The digital bank will now offer crypto trading and onchain remittances, coinciding with an easing of regulations in the U.S. Customers will be able to buy, sell, and hold crypto assets, while future expansions may include stablecoin offerings, the ability to borrow against crypto, and new staking features. SoFi CEO Anthony Noto expressed excitement about the innovative uses of blockchain and crypto, particularly in facilitating international payments through a fiat to crypto conversion process. The company had exited the crypto industry in 2023 as part of its conditions for receiving a bank charter, but the regulatory climate has shifted favorably under the current administration. The fintech blockchain industry is projected to see significant growth, positioning SoFi competitively in the evolving digital finance landscape. In recent developments, SoFi's stock has also seen a 12% increase.

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