SoFi Discloses Crypto Product Data for the First Time: Q3 Total Crypto Trading Revenue of $161.6 Million

Odaily reports: In its third-quarter earnings report, SoFi disclosed crypto product data for the first time: as of the end of the quarter, crypto products numbered 503,000, with total crypto trading revenue of $161.6 million, up 20% quarter-over-quarter; after deducting related costs, net crypto trading revenue was $1.6 million. During the same period, SoFi Invest's brokerage business product count grew 37% year-over-year to 4.18 million. SoFi's third-quarter net revenue was $139 million, up 44% year-over-year, a record high; net profit was $241 million. Following the earnings release, SoFi's stock price rose nearly 15% in early trading on Tuesday, but remains down 40% year-to-date. After suspending crypto services for two years, SoFi relaunched SoFi Crypto in November 2025 and has recently expanded into stablecoins, tokenized deposits, and crypto infrastructure businesses.