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Arch Lending vs SoFi

Compare rates, fees, access, and key features side by side.

Arch Lending

Arch Lending

Arch Lending is a crypto-backed lending platform founded in 2022 and headquartered in New York, NY. It allows users to borrow USD or USDC using digita...

CIR score3.9
VS
SoFi

SoFi

SoFi is a U.S.-based fintech and nationally chartered bank offering banking, investing, loans, credit cards and crypto services. SoFi has grown into o...

CIR score4.1

General

Platform
Arch Lendinglogo
SoFilogo
Founded
Arch Lending2022
SoFi2011
Headquarters
Arch LendingNew York, NY
SoFiSan Francisco, CA
Availability
Arch LendingUS
SoFiUS

Fees & Financial

Bonus
Arch Lending
SoFi
Token
Arch Lending
SoFiSoFiUSD
Compounding
Arch LendingNo
SoFi--
Payouts
Arch Lending
SoFi
Fees
Arch Lending
SoFiGas fees
Lockup
Arch Lending
SoFi
Maker Fee
Arch Lending
SoFi1.9
Taker Fee
Arch Lending
SoFi1.9

Cryptocurrency Rates

BTC Rate
Arch Lending
SoFi
BTC Max
Arch Lending
SoFi
ETH Rate
Arch Lending
SoFi
ETH Max
Arch Lending
SoFi
Stablecoin Rate
Arch Lending
SoFi

Arch Lending

Review

Pros

  • Multi-asset collateral accepted (BTC, ETH, SOL)
  • No credit checks required

Cons

  • Loans only, no earn product

SoFi

Review

Pros

  • Regulated, nationally chartered bank

Cons

  • SoFiUSD less universal than USDC/USDT
  • Yield products forthcoming