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SoFi Adds XRP Deposits Alongside Bitcoin, Ethereum and Solana

SoFi now supports XRP deposits and trading alongside Bitcoin, Ethereum and Solana, but according to its support page, transfers to external wallets are not yet available despite a spokesperson saying withdrawals are coming soon.

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Fact Check
The claim has two parts. First, SoFi supporting XRP deposits/trading alongside Bitcoin, Ethereum, and Solana is supported by CoinDesk's post 'x post 2046876424171073676' and The Block's post 'x post 2046664733491675543'. Second, the statement that transfers to external wallets were not yet available, while withdrawals were said to be coming soon, is supported in this run by The Block evidence: its X post and the search result snippet for 'SoFi adds XRP deposits but users criticize lack of external wallet transfers' explicitly say SoFi's support page did not permit transfers to outside wallets and that a SoFi spokesperson said withdrawals would soon be available. However, because the underlying SoFi support page was not directly fetched in this run, the evidence for the wallet-transfer limitation is not fully primary. That makes the overall claim likely true but not confirmed with high confidence.
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Summary

SoFi has added XRP deposits alongside Bitcoin, Ethereum and Solana, expanding its crypto offering and, according to the source post, making it one of the first nationally chartered U.S. banks to offer XRP trading directly from FDIC-insured accounts. The rollout drew criticism because SoFi’s support page says transfers to external wallets are not currently supported, limiting users’ ability to move XRP off the platform. A spokesperson separately said withdrawals are coming soon, but no launch timeline or further operational details were provided.

Terms & Concepts
  • XRP: A digital asset associated with the XRP Ledger, commonly used for payments and fast blockchain-based value transfers.
  • External wallet transfers: A feature that allows users to move crypto from a platform to a self-custody wallet or another third-party wallet.
  • FDIC: The Federal Deposit Insurance Corporation, the U.S. agency that insures eligible bank deposits.