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SoFi Shuts Down Crypto Trading: What You Need To Know

SoFi Technologies Inc. customers will have two options to choose from as the company plans to shut down its crypto services by Dec. 19. The default option is to liquidate and close your account. Customers who select this option will have all of their crypto assets sold and transferred into their brokerage accounts within 60 days. You must opt in to the alternative option of migrating your account to Blockchain.com. Once your account has migrated, you can take advantage of some of Blockchain.com’s offerings, such as self-custody, more tokens and advanced trading features. The downside is that y…