SoFi reports $162M in gross crypto transaction revenue in Q3
Summary
SoFi reported a 20% increase in gross crypto transaction revenue, reaching $161.6 million in the third quarter of 2026, following its return to crypto trading in late 2025. However, after accounting for related costs, the net crypto transaction revenue was only $1.6 million. This highlights a trend among fintech platforms, which are enhancing their digital asset offerings to meet growing consumer interest in cryptocurrencies, while also providing clearer distinctions between gross and net revenue figures to reflect operational expenses.
Tokens
$SOFI
Analysis
SoFi: SoFi Technologies is a digital financial services company offering banking, lending, and investing products to consumers. The company resumed cryptocurrency trading services in late 2025 after a previous pause. This re-entry directly enabled its reported gross crypto transaction revenue in the third quarter. Crypto Services: Fintech platforms have been expanding digital asset offerings to align with evolving consumer interest in cryptocurrencies. Revenue Transparency: Financial firms are distinguishing between gross and net figures when reporting crypto transaction activity to account for operational costs.
Categories
cryptotech