SoFi crypto transaction revenue grows 10% to $134 million in Q2

The Block·

SoFi crypto transaction revenue grows 10% to $134 million in Q2

60-second summary

SoFi's crypto transaction revenue grows 10% to $134 million in Q2, outpacing the company's overall adjusted net revenue growth. Although crypto remains a small portion, accounting for less than 12% of SoFi's $1.2 billion quarterly adjusted net revenue, this sustained growth indicates a steady increase in user adoption and transaction activity, positively impacting the company's financial performance.

Crypto remains a small part of SoFi's $1.2 billion quarterly adjusted net revenue but shows sustained growth.