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Jakarta, Pintu News – Earlier this month, the crypto ecosystem continued to show significant developments with major milestones that boosted the momentum of crypto assets. On Tuesday, November 11, SoFi, a San Francisco-based banking firm, announced the launch of a crypto trading service for its users.
SoFi, known for its modern digital banking infrastructure, has taken a major step by introducing crypto trading services. The move allows customers to trade crypto assets directly from their bank accounts. This is a strategic move that further integrates crypto into the traditional banking system.
With this announcement, SoFi becomes the first nationally chartered bank in the US to offer trading in Bitcoin (BTC) and other cryptos, including Ripple (XRP). This not only marks an important milestone for SoFi but also for the entire crypto industry, which continues to strive towards mainstream adoption.
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Although Ripple (XRP) has been on the decline after a rally that recorded a daily gain of over 10%, news from SoFi gives new hope for the future of this asset. Chad Steingraber, a popular commentator and media personality in the crypto community, has highlighted how SoFi’s move could encourage wider adoption of Ripple (XRP).
The ability to transact Ripple (XRP) directly through the traditional banking system puts the asset in a more favorable position for wider adoption. It also strengthens Ripple (XRP)’s position as an institutional-grade asset, especially with the recent legal clarification from the US SEC supporting expectations of a spot Ripple (XRP) ETF launch.
SoFi’s move will hopefully trigger other banks in the US to follow suit in offering similar services, which in turn will accelerate crypto adoption in broad circles. This represents an important shift in the way traditional financial institutions view and integrate crypto into their products and services.
With this increased integration, it is expected that more crypto-based financial innovations and products will emerge. This will not only expand the market but will also provide more opportunities for investors and users to engage in the crypto economy.
With SoFi’s bold move into the crypto trading arena, the future for Ripple (XRP) and other crypto assets is looking brighter. This marks a new era in crypto adoption, with major banks beginning to recognize and integrate this technology into the mainstream financial system.
Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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