PANews
PANews|Oct 27, 2026 15:37
[SoFi Discloses Crypto Product Data for the First Time: 503,000 Products in Q3, Total Crypto Trading Revenue of $161.6 Million] According to The Block, SoFi disclosed its crypto product data for the first time in its Q3 earnings report: As of the end of the quarter, the number of crypto products reached 503,000, with total crypto trading revenue of $161.6 million, a 20% increase quarter-over-quarter. After deducting related costs, net crypto trading revenue was $1.6 million. During the same period, the number of products in SoFi Invest's brokerage business increased by 37% year-over-year, reaching 4.18 million. SoFi's Q3 net revenue was $139 million, a 44% year-over-year increase, a record high, with net profit of $241 million. Following the earnings release, SoFi's stock price rose nearly 15% in early trading on Tuesday, but is still down 40% year-to-date. After suspending its crypto services for two years, SoFi relaunched SoFi Crypto in November 2025 and has recently expanded into stablecoins, tokenized deposits, and crypto infrastructure businesses.
+4
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads