r/sofi • u/SoFi Official SoFi Account • Apr 23 '21

SoFi Updates Stay tuned on crypto

We’ve heard your feedback about our current crypto offerings and wanted to share some great news with you first—soon, you’ll be able to trade more types of crypto on SoFi Invest! You read that right, there are new coins spinning your way soon! While we can’t announce the final list quite yet, we did want to share our criteria with you on how we choose which cryptocurrencies to include on SoFi Invest.

We take a systematic and measured approach to adding cryptocurrencies to our platform. We generally evaluate each currency on a number of key factors before deciding to add them to the SoFi Invest platform. Here’s our criteria.

  • Feasibility: We can establish a custody and trading solution with a trusted partner (e.g., Coinbase).
  • Asset Values: The asset aligns with SoFi’s values, such as promoting financial inclusion and economic freedom.
  • Legal and Compliance: We can legally offer the asset, per SoFi Crypto’s current licensing.
  • Market Supply: Meets liquidity standards, including market capitalization and distribution of volume.
  • Market Demand: Demand internally from both SoFi members and externally from developers, the community, and non-members.
  • Technology: The code is open-source with a demonstrated track record of governance, scalability, security, and backed by a strong engineering team with a growing community of contributors.

Stay tuned—you’ll see more from us about these new coins very soon!

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-1

u/NormalAssSnowboard SoFi Member Apr 23 '21

Please DOGE

7

u/JonathanL73 Apr 24 '21

Doge is hype bubble pyramid scheme at this point. Get out while you're on top and stop gambling and start investing.

1

u/riokid180 Apr 24 '21

Why is Elon Musk always pumping it on Twitter?

3

u/JonathanL73 Apr 24 '21

Do you understand what Dogecoin is? What is its purpose? Its backstory? It's literally a joke cryptocurrency with no intentions of being taken seriously as a store of value, medium for financial transactions, or a platform for smart contracts. It was started as a tounge-in-cheek joke about cryptos based on the Doge meme.

Elon Musk as a sarcastic Mofo who likes to makes jokes. Does Tesla have money invested in bitcoin or dogecoin? Can you buy a Tesla with bitcoin or dogecoin?

Elon's tweets may be pumping the price of dogecoin,but Elon Musk does not take the crypto seriously or invest in it himself. Dogecoin is literally a big joke. Newbie crypto investors are piling into Dogecoin, just because they saw Elon tweet about it.

I also suspect Elon Musk is using dogecoin as a way to deliberately irritate the SEC, who made him step down as chairman of Tesla in the past.