Fintech Startup SoFi to Roll Out Crypto Trading Via Partnership With Coinbase
Cointelegraph | Marie Huillet | Feb 27, 2019
Fintech startup SoFi — known for its online lending services — is partnering with major United States-based crypto exchange Coinbase to roll out crypto trading support, according to a CNBC report Feb. 26.
Sofi, which is headquartered in San Francisco, will reportedly launch its crypto services by the second quarter of 2019. Sofi CEO Anthony Noto — who was formerly Twitter’s chief operating officer and also a managing director at Goldman Sachs — told CNBC:
“Our target audience wants to see what the price of cryptocurrency is, and to buy it. They have a desire to do that and in many cases they already are.”
Buying, selling and price monitoring of cryptocurrencies is to be launched under the aegis of SoFi Invest — a new investment product that went live earlier this month. While not disclosing which cryptocurrencies are to be listed, Noto proposed that the notorious volatility of the digital assets and protracted crypto winter may in fact be considered an advantage by some. It’s a “two-sided coin,” he reportedly suggested, noting “some people may see it as an opportunity.”
See: The 11 Biggest Fintech Companies In America 2019
In addition to crypto services, SoFi — which launched with an initial focus on student-loan financing back in 2011 — is reportedly also introducing an Annual Percentage Yield account for user deposits. It has also reportedly filed for two exchange-traded-funds, a credit card, and an initial public offering (IPO) in the longer term.
As reported yesterday, Coinbase’s professional trading platform, Coinbase Pro, has just launched support for trading Ripple’s XRP token, with trading pairs against the U.S. dollar, the euro, and Bitcoin (BTC).
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Read More
Read More
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Read More
Read More
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Read More
Read More
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Read More
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Sifted | Nicolas Colin | Apr 14, 2021 The Greensill debacle shows that startups have a lot to learn when it comes to winning friends and influencing people. Startups are getting stuck into some highly-regulated industries — and they need to start taking those regulations seriously. Long gone are the days when founders could “move fast and break things”, to echo Mark Zuckerberg’s famous words. Now startups are handling people’s money; they’re responsible for children’s education; and some of them are even taking our lives in their (healthtech) hands. But staying on the right side of regulation is not easy. Most rules were designed a long time ago, well before the internet came about and made it possible to solve old problems with new solutions. Many things that are now possible don’t exactly fit in the old regulatory boxes that we inherit from the past — whether it’s rules that relate to taxi medallions or the 1835 Highways Act that effectively prohibits anyone in the UK from riding an electric scooter on the road. For some startups to take off while strictly complying with existing regulations in sectors such as transportation, financial services or healthcare, the sequence would have to ...
Read More
Read More
MarketWatch | Mark DeCambre | Apr 14, 2021 Coinbase is the talk of Wall Street on Wednesday, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange, arriving via a direct listing rather than a more traditional initial public offering. The arrival on the public markets of Coinbase COIN, 34.38% is a big moment in the world of cryptocurrencies. The company was created just over a decade ago with the genesis of bitcoin BTCUSD, -2.43% and today stands at what many in the industry have described as a tipping point. There are few ways to secure direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and which investors appear willing to pay for. Coinbase, whose users primarily deal in bitcoin and ethereum, reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. See: ETF investors say Coinbase listing will cause explosion in crypto investing Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.” ...
Read More
Read More
Yahoo Finance | Release | April 13, 2021 LONDON, April 13, 2021 /CNW/ - Emerging technology research company D-Core released its latest analysis reviewing the future of the cryptocurrency landscape, calling for CoinPayments to remain the leading crypto payments processor in 2026. D-Core's report surveyed 161 experts, asking them: "Which crypto payment processor will definitely be operating in five years time?" Of those surveyed, 37% picked CoinPayments, giving it the top spot. The other crypto payment processors included in the report were Bitpay (29%), BTCpay (19%), SpicePay (13%), CoinGate (1%), among others. "It is great to be recognized as a top crypto payment processor among experts in the industry," noted Jason Butcher, CEO of CoinPayments. "Since 2013, our aim has always been to fuel crypto adoption and the most effective way to give digital assets their rightful place as mediums of exchange is by enabling businesses and consumers to use them for everyday purchases." See: Jason Butcher, CEO Coinpayments speak at the 7th Fintech & Financing conference: FFCON21 Breaking Barriers May 11-13 The report's timely release comes as notable companies like Paypal and Tesla announce that they will be facilitating crypto payments for customers. Crypto adoption is steadily on the ...
Read More
Read More
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Read More
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