SoFi now offers XRP trading through FDIC-insured accounts, but the Polymarket contract for XRP reaching $2.60 by end of April 2026 sits at 0.5% YES, unchanged over the past week.
Market reaction
SoFi is one of the first U.S. banks to offer XRP trading alongside $BTC, $ETH, and $SOL. Despite the news, odds across related markets, including XRP reaching $2.00 and XRP reaching $1.60, remain at 0% YES. Traders are not pricing in any near-term upside from this integration.
Why it matters
The market has a 24-hour face value of $3,069, but actual USDC traded is just $13, which means liquidity is extremely thin. It takes $306 to move the price by 5 percentage points, so a few large trades could shift pricing on their own. The largest price move in the past 24 hours was negligible.
At 0.5¢, a YES share pays $1 if XRP reaches $2.60 in April, a 200x return. Getting there would require something like a major regulatory breakthrough or institutional endorsement, not just availability on a single banking platform.
What to watch
The U.S. Senate Banking Committee and SEC regulatory signals are the most likely catalysts that could shift sentiment on these contracts. Any concrete positive action from either body could move these markets off their current floor.
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