SoFi Crypto Revenue Surges to $134M in Q2

SoFi's cryptocurrency transaction business saw significant growth in Q2, generating $134.3 million in revenue.

This is up from $850,000 in Q1 and a testament to SoFi's expanding digital asset offerings.

The company's strategy differs from standalone crypto exchanges, relying on trading fees rather than solely on them.

SoFiUSD, the dollar-pegged token introduced by SoFi, has moved beyond consumer trading and is now being used in enterprise banking operations through its Big Business Banking platform.