SOFI LAUNCHES IN-APP CRYPTO TRADING

Summary from the TLDR Crypto newsletter

SoFi is the first nationally chartered US bank to launch direct in-app crypto trading for Bitcoin, Ethereum, and Solana, leveraging its banking charter and 12.6 million users who already trust it with checking and loans. The company has operated Lightning Network remittances with Lightspark since August, targeting the $740 billion global remittance market, where users send dollars that convert to pesos using Bitcoin rails invisibly. SoFi plans to launch a proprietary stablecoin by mid-2026, positioning crypto trading as a complement to its remittance strategy rather than a standalone product. 60% of crypto-owning members prefer licensed bank custody over exchanges.