SoFi Receives BitLicense License to Offer Crypto Services in New York
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Dec. 4, 2019
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SoFi, a California financial company, has just received the BitLicense license from the New York State Department of Financial Services (NYDFS) to offer crypto-related services in New York, the regulator reported yesterday through a press release.

SoFi has just become the 24th company to receive BitLicense since 2015, when the regulator issued its first license.

Particularly, the company has received two licenses: the BitLicense, a virtual currency license, as well as another license that allows it to operate as a money transmitter.

From now on, the company will reportedly be able to offer trading services for these currencies to New York users: Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin and Stellar.

The company started offering the possibility of dealing with cryptocurrencies in September.

iHodl reported in April that the New York State Department of Financial Services (NYDFS) had denied the BitLicense to Bittrex. However, this was not the case of Bitstamp, which was luckier and received regulatory approval.

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