Zero-fee crypto trading on SoFi has been announced as an incentive to gain new users. SoFi has recently unveiled its new cryptocurrency sector on their Invest platform.
In an official announcement on the website, SoFi has pitched its new wing of investment portfolios centered around cryptocurrencies. Bitcoin, Ethereum and Litecoin trading will be supported among others.
SoFi announced today that it has added crypto trading to its fast-growing SoFi Invest platform, as a response to demand from its over 800,000 members. SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.
What is SoFi?
SoFi is a platform for investment management and other financial services. They provide loans, investment opportunities, stocks and shares services among others. Their fees and rates are allegedly lower than the competition due to their move away from brick and mortar facilities towards the digital sphere.
SoFi Crypto platform
Individuals can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. SoFi secures all crypto holdings from fraud and theft.
“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”
SoFi Invest, released to the public earlier this year, offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums. The launch of crypto trading comes on the heels of SoFi’s introduction of its own SoFi-branded ETFs this Spring as well as Stock Bits: the ability to buy and sell fractional shares in over 100 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.
Additional information about SoFi Invest can be found at www.sofi.com/crypto.
Crypto.com releases public Testnet Alpha
Crypto.com, the pioneering payments and cryptocurrency platform, announced today the release of the Crypto.com Chain public testnet (alpha version). This release comes ahead of schedule and 10 months after the announcement of the Crypto.com Chain.
The Crypto.com Chain Testnet has been named as “Thaler”.
The name Thaler dates back nearly 500 years, referring to a silver coin that brought trading activities across Europe to unprecedented heights. Thaler came to symbolize the power of money as a common language to denominate value. Crypto.com Chain adopts the “Thaler” name to pay homage to the legacy of money, with the vision to take payment to the next level. Just like its name, the physical embodiment of Thaler shares similarities with the brand image of Crypto.com. The earliest Thaler coins and the Crypto.com logo share the motif of the lion – a symbol of strength and dedication.
With the launch of the Thaler Testnet, Crypto.com is also releasing the Chain Blockchain Explorer to search and get more information on blocks and transactions on the Crypto.com Chain network. Now available at: https://chain.crypto.com/explorer