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SoFi shares 503,000 crypto products as gross crypto revenue hits $162 million
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SoFi reported 503,000 crypto products at the end of the third quarter, according to its latest earnings release, which included the metric for the first time in its financial services product breakdown.
Key facts
- SoFi reported $161.6 million in gross crypto transaction revenue in the quarter, up 20% from the prior quarter
- The fintech company's crypto products sit alongside its SoFi Invest brokerage offering, which grew 37% year over year to 4.18 million products as of Sept. 30
- SoFi's stock traded higher by nearly 15% on Tuesday morning, although shares are still down 40% in the year-to-date period
- We had exceptional Q3 results against the backdrop of any environment, but they are even more remarkable given how 2026 has unfolded," said SoFi CEO Anthony Noto in the release
Summary
SoFi reported $161.6 million in gross crypto transaction revenue in the quarter, up 20% from the prior quarter. The fintech company's crypto products sit alongside its SoFi Invest brokerage offering, which grew 37% year over year to 4.18 million products as of Sept. 30. "We had exceptional Q3 results against the backdrop of any environment, but they are even more remarkable given how 2026 has unfolded," said SoFi CEO Anthony Noto in the release. SoFi's stock traded higher by nearly 15% on Tuesday morning, although shares are still down 40% in the year-to-date period.