Online Loan Platform SoFi Will Offer Crypto Trading Through Coinbase
SoFi, an online lending platform, will reportedly allow customers to buy crypto through Coinbase starting in 2Q.
The approval, if made final, opens the door for the new bank to custody cryptocurrencies.
Mike Cagney, who co-founded SoFi, is one of fintech's most accomplished entrepreneurs. He talks to ConsenSys's Lex Sokolin about keys to success for blockchain startups.
The lending fintech agreed to merge with SPAC Social Capital Hedosophia Holdings Corp.
SoFi has been granted a BitLicense by NYDFS, allowing it to provide crypto trading services to New Yorkers.
The millennial-focused SoFi will offer trading in bitcoin, ethereum and litecoin next Tuesday and source its liquidity from Coinbase.