SoFi Reports $161.6 Million in Q3 Crypto Revenue, With $1.6 Million Net
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SoFi reported $1.6 million in net crypto transaction revenue for Q3, up 38% from the previous quarter but still a small share of its financial-services business.
SoFi reported $161.6 million in crypto revenue for the third quarter, with net crypto transaction revenue of $1.6 million, according to The Defiant.
The net figure increased 38% compared with the second quarter, marking quarter-over-quarter growth in the bank operator’s crypto transaction business.
Despite that increase, net crypto transaction revenue accounted for only 0.3% of revenue in SoFi’s financial-services segment.
Source: The Defiant
