SoFi Technologies Reintroduces Bitcoin and Ethereum Trading, Launches Blockchain Remittances Amid Regulatory Clarity; Stock Near 52-Week Highs

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Updated Jun 30, 2025, 04:05 PM

SoFi Technologies Inc. has announced the reintroduction of crypto spot trading, allowing users to buy, sell, and hold cryptocurrencies including Bitcoin and Ethereum. This move comes after regulatory clarity under the Trump administration, which has also enabled SoFi to launch blockchain-based global remittance services offering faster and cheaper international money transfers with real-time transparency on fees and foreign exchange rates. The company plans to expand its crypto offerings to include stablecoins and the ability to borrow against crypto assets. Following this announcement, SoFi's stock has shown strong performance, reaching near 52-week highs around $18.70, recovering from lows below $10 after the US tariff announcement on Chinese goods. Market sentiment indicates bullish momentum with increasing call options activity and expectations of the stock reaching the $20 range in the near term.

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