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SoFi launches XRP deposits, but users question restrictions on withdrawals
Odaily Planet Daily News: SoFi announces that its cryptocurrency service supports XRP deposits, but because withdrawals to external wallets are not yet supported, it has caused dissatisfaction among users.
Currently, users can only hold or trade XRP within the platform and cannot transfer it to on-chain wallets. This design has been criticized by some users as a “ETF-like model,” believing it only offers price exposure without truly integrating into the crypto ecosystem.
SoFi stated that they will open withdrawal functionality in the future but have not provided a specific timeline.