SoFi added an XRP deposit feature, but users criticized its lack of support for withdrawing funds to external wallets.

CoinFeed reported on April 22 that, according to The Block, SoFi Crypto announced support for XRP deposits, but users criticized the platform for not allowing withdrawals of crypto assets to external wallets. One user stated that this is "basically just a spot ETF and does nothing to help the XRP ecosystem." The SoFi support page confirms that external wallet transfers are not currently supported, but a spokesperson stated that withdrawal functionality will be available soon.