SoFi Reports 503,000 Crypto Products in Q3 with $161.6 Million in Trading Revenue

SoFi disclosed its crypto product data for the first time in its Q3 earnings report: as of the end of the quarter, the number of crypto products reached 503,000, with total crypto trading revenue of $161.6 million, a 20% increase quarter-over-quarter. After deducting related costs, the net revenue from crypto trading was $1.6 million. During the same period, the number of products in SoFi Invest's brokerage business grew by 37% year-over-year, reaching 4.18 million. SoFi's net revenue for Q3 was $139 million, a 44% year-over-year increase, marking a record high, with a net profit of $241 million. Following the earnings report, SoFi's stock price rose nearly 15%, but it has still fallen 40% year-to-date. After pausing its crypto services for two years, SoFi relaunched SoFi Crypto in November 2025 and has recently expanded into stablecoins, tokenized deposits, and crypto infrastructure services.

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