SoFi Adds XRP Deposits: Ripple Says Broader Access Brings More Participation and Utility
Key Takeaways:
Supported Crypto Deposits Expand Across Multiple Blockchain Networks
SoFi’s website outlines the scope of its transfer capabilities. The company said users can deposit 12 cryptocurrencies into a SoFi Crypto account: bitcoin ( BTC), ethereum ( ETH), USD Coin (USDC), chainlink (LINK), shiba inu ( SHIB), uniswap (UNI), aave (AAVE), polygon (POL), Lido DAO (LDO), floki (FLOKI), solana ( SOL), and XRP. The list indicates support across the Bitcoin network, Ethereum network, Solana network, and XRP Ledger, offering insight into how the platform facilitates asset transfers across multiple blockchain ecosystems.
Meanwhile, SoFi’s trading offering further expands its crypto footprint. The company stated that 27 cryptocurrencies are currently available for trading on its platform, including bitcoin ( BTC), ethereum ( ETH), XRP, solana ( SOL), and USD Coin (USDC). Additional supported assets include dogecoin (DOGE), cardano ( ADA), chainlink (LINK), avalanche (AVAX), stellar ( XLM), sui (SUI), and bitcoin cash ( BCH), alongside tokens such as hedera (HBAR), litecoin ( LTC), shiba inu ( SHIB), uniswap (UNI), aave (AAVE), and NEAR Protocol (NEAR). The lineup also features ethereum classic ( ETC), polygon (POL), arbitrum (ARB), cosmos ( ATOM), sei (SEI), bonk (BONK), Lido DAO (LDO), floki (FLOKI), and tezos ( XTZ), underscoring a diversified trading environment within a single retail-focused application.
Ripple echoed the significance of the update on April 21 on X, stating:
“More access to XRP with SoFi means more people can participate, and that’s exactly how utility grows.”
The focus on XRP follows SoFi’s April 21 X post, which singled out that token even though the company’s broader transfer and trading offerings cover a wider range of cryptocurrencies. Ripple connected the integration to its broader narrative around adoption and network usage. The addition of XRP deposits within a bank-linked platform underscores a steady expansion of availability, reinforcing the asset’s presence in consumer-facing financial channels without introducing new standalone products.
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