SoFi Crypto Revenue Climbs to $134 Million

Financial services firm SoFi reported a strong second quarter for its digital asset division. The company brought in $134 million in crypto transaction revenue. This reflects a 10 percent increase compared to the previous period.

While crypto accounts for a smaller slice of the total $1.2 billion in quarterly adjusted net revenue, the steady growth is a positive sign for the platform. It shows that users are still actively buying and selling digital assets despite changing market conditions.

Investors are watching to see if this trend continues throughout the rest of the year. SoFi remains focused on expanding its financial offerings, and the consistent interest in crypto transactions suggests that digital assets will stay part of their long term strategy.