Block to Turn Cash App Into Full Digital Bank With Stocks, ETFs, Loans

Cash App's shift from a payments and crypto app into a broader banking stack signals that Block sees the primary-banking relationship, not trading volume, as the durable asset — the 17% growth in users treating it as their main account is the metric that matters more than stalled overall growth. The timing is notable: expanding into loans and savings while a multi-year DOJ investigation is unresolved, and the legal reserve has already been doubled, puts compliance risk squarely alongside product ambition. Whether regulators and users reward the bundled model, and whether the probe concludes without reshaping the offering, is the open question worth watching.