SoFi Introduces Crypto Trading With Multiple Digital Currencies


SoFi

Over the course of the past couple of years, crypto trading has turned into a legitimate vocation for a large number of people, and nowadays, the options when it comes to choosing an exchange are varied. Some years, people who wanted to trade in cryptocurrencies did not have many options, and the exchanges that were available did not often have the sort of liquidity that traders want.

However, things have changed over the years, and in a new development, SoFi has launched its very own cryptocurrency trading platform. SoFi is a startup based out of San Francisco, which is involved in the student loan space but has now decided to test its capabilities in the crypto sphere.

The company announced that it was going to launch its own crypto trading platform and it will be operated through the SoFi Invest service. According to the announcement made by SoFi, the current offerings are going to be restricted to Ethereum, Litecoin, and Bitcoin. The Chief Executive Officer of the company Anthony Noto stated that it was not a sudden move, but in fact, it had been instigated by the company’s customers. He said many customers have requested such a service to be introduced for some time.

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Due to the sort of rallies that many cryptocurrencies have enjoyed this year, the establishment of new exchanges was only a natural consequence. More and more people are now interested in cryptocurrency trading, and hence it is an excellent development for the crypto ecosystem.

With regards to the new platform that has been established by SoFi, it is important to point out that many other fintech firms like eToro and payment service Square have also decided to enter the crypto space this year. The fact that SoFi already has a user base is definitely a huge advantage when it comes to driving activity on its crypto trading platform.

Featured image: DepositPhotos © jamesteohart

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