December 3, 2019 NYDFS has granted SoFi a BitLicense.

SoFi, a San Francisco-based student loan refinancing firm, announced Tuesday that NYDFS had approved its BitLicense application. New York residents will now be able to trade cryptocurrencies through the company’s subsidiary, SoFi Digital Assets. SoFi is the 20th company to have been granted a BitLicense.