According to Henri Arslanian, the next phase of on-chain finance involves the convergence of centralized finance (CeFi) and decentralized finance (DeFi), with crypto prime brokerage emerging as a foundational infrastructure for institutional trading. Industry leaders, including Sam MacPherson of SparkFi and Serhii Tyshchenko of ArkisXYZ, discussed how this evolution could streamline institutional access to crypto markets, blending transparency and efficiency from DeFi with the reliability of CeFi.

According to the source, SoFi is rolling out access to crypto trading, enabling customers to buy and sell Bitcoin (BTC), Ethereum (ETH), and other supported assets. Source: social media post dated Nov 11, 2025 referencing SoFi crypto trading access. SoFi previously wound down its crypto trading offering in December 2023 and migrated accounts to Blockchain.com, providing a clear baseline for evaluating any relaunch’s scope and timing. Source: SoFi customer communications and Blockchain.com migration notice issued in late 2023. Traders should monitor official SoFi disclosures on supported coins, fees and spreads, funding and withdrawal rails, transfer functionality, and eligible jurisdictions to gauge potential retail flow and liquidity impacts for BTC and ETH. Source: SoFi Invest product and fee disclosures determine trading terms and availability.

According to @CNBC, Mike Novogratz's Galaxy Digital jumped 10% after launching a retail trading app designed to compete against Robinhood on Oct 6, 2025 (source: CNBC). @CNBC reported that the move was tied to the app’s launch and explicitly positioned as a Robinhood competitor, underscoring investor focus on retail trading expansion (source: CNBC).

According to @cbetass, Futu with 1 trillion USD trading volume and 27 million investors has listed IoTeX’s token IOTX among just 19 supported digital assets (source: @cbetass). According to @cbetass, the listing is presented as unlocking institutional adoption for IOTX on Futu (source: @cbetass). According to @cbetass, IOTX now sits within a limited roster of crypto assets available to Futu’s investor base, a trading-access milestone for the token (source: @cbetass).