• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
new york bitlicense bitcoin

SoFi Gets Bitlicense Approval for Crypto Trading Service

Anatol Antonovici
by Anatol Antonovici
5 years ago
·
Posted in News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US-based personal finance company Social Finance (SoFi) obtained the approval from the New York State Department of Financial Services (NYDFS) for its BitLicense application.


New Yorkers Can Trade Cryptos via SoFi Digital Assets

The NYDFS has permitted Social Finance to provide crypto trading services to its New York customers via its subsidiary SoFi Digital Assets.

Social Finance decided to develop the service after multiple requests from its members. The crypto trading solution was about to launch in September of this year. The company has authorization to operate with the following digital currencies: Bitcoin, Bitcoin Cash, Ether, Ether Classic, Stellar Lumens, and Litecoin. Initially, the SoFi trading service will support Bitcoin, Ethereum, and Litecoin. The company plans to add up to 40 other coins.

For those unfamiliar, the BitLicense refers to the business license for crypto activities issued by the NYSDFS. The regulations touch upon operations in the state of New York.

We’ve got big news, New York!🗽 Now you can trade #Bitcoin, #Ethereum, and #Litecoin right alongside stocks and ETFs in the SoFi app. Find out more here 👉 https://t.co/vzJQiC2OCD pic.twitter.com/XF8yVy4s5J

— SoFi (@SoFi) December 3, 2019

Social Finance CEO Anthony Noto commented:

Putting our members’ interests first is our top priority at SoFi. That includes both offering individuals the products they want, like cryptocurrency within SoFi Invest, as well as protecting them, through a solid regulatory framework like that created by the New York State Department of Financial Services.

Noto, a former COO at Twitter and former managing director at Goldman Sachs, added that the crypto service would complete SoFi’s full suite of finance products that enable members to borrow, save, spend, invest, and protect their funds.

Crypto Trading Offered in Partnership with Coinbase

At the beginning of this year, SoFi said that it would develop the crypto trading service in collaboration with US crypto exchange Coinbase.

The new cypto trading service charges a markup of up to 1.25% on crypto transactions, which is added to the market price on Coinbase, where SoFi submit market orders. The company said that it might change the markup at any time.

The minimum order size per crypto purchase is $10, while the maximum buy is $50,000.

Social Finance is a personal finance firm that offers student loan refinancing, mortgages and personal loans, among others. SoFi Invest, which was released earlier this year, operates three platforms. Besides the crypto trading service, it provides automated (robo-advising) and active investing in stock and ETF trading.

What do you think about SoFi’s crypto trading services? Share your thoughts in the comments section!  


Image via Shutterstock, Twitter: @SoFi

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anatol Antonovici

Anatol Antonovici

Follow

Full Profile

Related Posts

trump

Trump: manovra da 3$ miliardi in Bitcoin

3 weeks ago
dogecoin rialzista

Dogecoin verso i 5$: ecco i 5 fattori rialzisti

1 month ago
Paul Atkins

Paul Atkins Sworn In As New SEC Chair, Vows New Approach To Crypto

2 months ago
Why Choosing the Best Crypto Marketing Agency in 2025 Is Non-Negotiable

Why Choosing the Best Crypto Marketing Agency in 2025 Is Non-Negotiable

2 months ago
crypto

Crypto Gets An Upgrade? Japan To Label It As A Financial Product

2 months ago
Pro-Bitcoin Leaders Unite? Trump Invites Bukele To The White House

Pro-Bitcoin Leaders Unite? Trump Invites Bukele To The White House

2 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • REEF CHAIN ANNOUNCES LANDMARK PRINCIPAL PARTNERSHIP WITH...

    1 hour ago
  • Using BTC, USDC to earn 1700 euros per day through BCC...

    1 hour ago
  • Bitcoin Mining

    Bitcoin Mining Goes Full Summer Mode — BeMine Kicks Off...

    2 hours ago
  • Ripplecoin Mining Helps Coinbase and Kraken Users Earn...

    2 hours ago
  • Global mining has no boundaries! ETHRANSACTION supports...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.