(MENAFN- Yolo Wire) SoFi Technologies (NASDAQ: $SOFI) has become the first nationally chartered consumer bank in the U.S. to offer cryptocurrency trading, giving users access to Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and other digital assets.

SoFi Crypto lets customers manage digital assets alongside their chequing, savings, and investments within a single app.

Management at SoFi says that the crypto trading is just the beginning, and that it plans to add a stablecoin and crypto lending products in the coming year.

Cryptocurrencies and other blockchain-related products are part of SoFi's growing suite of financial services on its all-in-one financial platform.

The new crypto trading feature is being rolled out in phases and will be available to all users in the U.S. by year's end, according to SoFi.

SoFi Technology's halted all of its digital asset services in 2023 while seeking a banking license. At the time, crypto faced stricter regulations under the previous Biden administration.

But now, SoFi has re-entered the crypto space with gusto.

Unlike other financial technology companies and brokerages, SoFi operates with a national bank charter, which brings stricter compliance requirements.

That difference could matter to customers as 60% of its users say they would rather store cryptocurrencies with a licensed bank than a crypto exchange, says SoFi.

SOFI stock has gained 116% this year to trade at $30.54 U.S. per share.

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