SoFi Is Exiting Crypto With Banking Regulators Stepping Up Scrutiny
- SoFi’s crypto customers can move to Blockchain.com service
- Customers have to move by Dec. 19 or liquidate their coins
Photographer: Alex Flynn/Bloomberg
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SoFi Technologies Inc., the fast growing one-stop shop for financial-services products, is exiting crypto even with token prices surging because of increased scrutiny of the sector by banking regulators.
The San Francisco-based company told crypto customers Wednesday they will need to liquidate their accounts in coming weeks, or move to crypto exchange and wallet provider Blockchain.com.