Fintech bank SoFi has resumed crypto trading for its retail customers. The service went live on Tuesday, making it the first national bank to restore retail crypto access under the revised regulatory framework.

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Several major US banks, including Charles Schwab, Morgan Stanley, and PNC Financial Services, are preparing to launch similar services in the coming months.

Trump-Era Policies Expand Bank Crypto Access

The move follows new guidance issued in May by the Office of the Comptroller of the Currency, confirming that US banks can provide crypto custody and execution services. Earlier, the Federal Deposit Insurance Corporation released similar instructions.

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The shift marks a departure from the previous administration’s cautious stance on crypto within the banking system. Under President Trump, regulators have taken a more permissive approach toward banks engaging with digital assets.

🚨 JUST IN: SoFi becomes the first nationally chartered U.S. bank to launch Bitcoin & crypto trading.

With 12.6 million members and over $36 billion in assets, SoFi’s move signals that crypto is officially entering mainstream banking. pic.twitter.com/IVr1up8w67

— FinancialPress.com (@FinancialPress_) November 11, 2025

SoFi Relaunches Crypto Trading for Customers

SoFi previously offered crypto trading through its mobile app but suspended the service two years ago to complete its national banking license process.

The reintroduced feature allows selected customers to trade bitcoin, ether, and other digital tokens, with plans to extend access to all 12.6 million customers by the end of 2025.

Beyond trading, banks are expected to explore other blockchain-based activities, such as using dollar-backed stablecoins as collateral for loans, following the federal framework approved in July.

SoFi CEO Anthony Noto said the bank aims to integrate digital asset trading within a regulated structure consistent with existing financial services.