SoFi’s cryptocurrency business generated $161.6 million in gross transaction revenue during the third quarter, but retained just $1.6 million after transaction costs. The striking disparity emerged alongside record companywide revenue, soaring loan originations and 17.1 million members. Crypto Returns to a Rapidly Expanding Financial Platform SoFi Technologies (Nasdaq: SOFI) disclosed the figures on Tuesday, in […]
SoFi Q3 Crypto Transactions Bring in $161M but Leave Little Behind
SoFi’s cryptocurrency business generated $161.6 million in gross transaction revenue during the third quarter, but retained just $1.6 million after transaction…
Some links on this page are affiliate links. We may earn a commission if you sign up, at no extra cost to you.
AI summary
Related news
Ripple, Robinhood expand partnership to bring RLUSD to retail and institutional markets
Ripple also expanded its collaboration with BNY on digital asset custody and partnered with C2FO to bring trade finance settlement onto the XRP Ledger.
Anchorage Positions Itself as Custody Backbone of US-Mexico Stablecoin Corridor
An expanded deal with Bitso puts Anchorage Digital Bank’s custody beneath both sides of the US-Mexico remittance route.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.