PANews reported on April 30, according to CoinDesk, that fintech company SoFi announced it will restart cryptocurrency services, planning to restore customer crypto asset investment functions by the end of this year. The company's CEO Anthony Noto stated in a CNBC interview that this return will be more strategic than before the service suspension in 2023, and there are plans to integrate blockchain technology into all of its major products over the next 24 months.
In 2023, SoFi voluntarily suspended trading services for more than 20 tokens to obtain a bank license in the United States. Noto stated that new regulations released by the Office of the Comptroller of the Currency (OCC) in March of this year have reduced the compliance burden for banks participating in cryptocurrency businesses, creating conditions for a restart. In addition to trading, SoFi may also launch cryptocurrency payment and crypto asset lending services.