SoFi launches XRP deposits, but faces user criticism due to withdrawal restrictions
Odaily reports that SoFi has announced its crypto business now supports XRP deposits, but has sparked user dissatisfaction for not yet supporting withdrawals to external wallets.
Currently, users can only hold or trade XRP within the platform and cannot transfer it out to on-chain wallets. Some users have criticized this design as a “quasi-ETF model,” arguing it only provides price exposure and does not truly connect to the crypto ecosystem.
SoFi stated that withdrawal functionality will be enabled in the future, but no specific timeline has been provided.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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