PANews
PANews|Jul 29, 2026 15:31
[SoFi's Q2 Crypto Trading Revenue Reaches $134.3 Million, Net Income After Costs $1.2 Million] According to The Block, SoFi's Q2 crypto trading revenue increased 10% quarter-over-quarter to $134.3 million. After deducting $133.1 million in trading costs, the net income was $1.2 million, up from approximately $850,000 in Q1. The crypto business accounted for a small proportion of the company's $1.2 billion adjusted net revenue for the quarter. During the same period, SoFi's enterprise banking platform began processing 24/7 commercial payments via SoFiUSD; the stablecoin is now available to banking app users and supports buying, holding, and exchanging on Ethereum and Solana.
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