Welcome to the Future: SoFi’s Bold New Move
SoFi, the financial wizardry whiz-craft based in California, has taken a giant leap into the digital coinage realm by introducing zero-fee cryptocurrency trading on its platform, SoFi Invest. Yes, you heard that right—zero fees! Imagine a world where trading crypto doesn’t feel like robbing a bank (or paying a bank). This exciting news was officially dropped on September 25, and it’s like Christmas came early for crypto enthusiasts.
What Cryptos Can You Trade?
So far, SoFi has decided to roll out the red carpet for three of the heavy-hitters in the crypto playground: Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). While the crypto world can feel like a big, chewy gumball machine, where do you even start? Fear not! With SoFi, you don’t even have to get bogged down with setting up a crypto wallet. That’s right; no intricate password reminders or wallet woes!
Crypto for Everyone: Specials Galore!
To juice up interest among new users, SoFi is doling out a nifty $25 bonus for anyone who signs up for a crypto account and makes a purchase of $10 or more within seven days. What a deal! Just don’t forget, this fine opportunity expires on December 31, 2019. Better hustle like it’s Black Friday!
Why SoFi? The Demand is Real!
SoFi’s CEO, Anthony Noto, let the cat out of the bag regarding why they decided to jump into crypto trading. He revealed that customer feedback revealed a huge appetite for digital currency trading among members. Several folks aren’t just curious—they’re buying and selling on the regular! Noto expressed, “Access, education, and keeping costs low for our members is at the heart of what we do.” Thus, here we are, in the midst of a groundbreaking move for SoFi.
The Backstory: Partnering with Coinbase
Now, how did this grand scheme come into being? Back in February 2019, SoFi announced its strategic alliance with the esteemed crypto exchange, Coinbase. This partnership is key—SoFi will source the cryptocurrencies to fulfill orders directly from Coinbase. Seems like a win-win! Although, a little caveat: some states, including New York and New Jersey, are not yet privy to this crypto joyride due to regulatory regulations. But hey, patience is a virtue!
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