Reuters: SoFi Set to Launch Cryptocurrency Trading This Year

By: theblockbeats.news|2025/10/28 20:15:55

0

Share

copy

BlockBeats News, October 28th, according to Reuters, SoFi Technologies (SOFI.O) raised its full-year profit outlook above Wall Street expectations on Tuesday after a surge in third-quarter fee income and record performance. The company's stock price rose 3.8% in pre-market trading.

SoFi has grown to become one of the most well-known companies in the U.S. fintech industry, evolving from a student loan refinancing startup to a full-service financial firm offering a range of services from IPO investing to credit cards and savings accounts. With a market value of about $36 billion, this growth aligns with the rise of young consumers who are gradually shifting away from traditional banks to app-based platforms.

SoFi CEO Anthony Noto stated that SoFi is expected to launch crypto trading this year and that "the SoFi Stablecoin will be launched in the first half of 2026." Third-quarter adjusted revenue rose 38% year-over-year to a record $9.5 billion, surpassing the expected $8.866 billion. Adjusted earnings doubled to $0.11 per share in the three months ending September 30, exceeding the expected $0.08 per share.

-- Price

You may also like

Pantera Capital: What changes have we made when crypto is treated as a service?

Pantera Capital: What changes have we made when crypto is treated as a service?

If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

The opportunity for stablecoins lies with those merchants that have yet to emerge.

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Life of Talent, Paranoia, and Setbacks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

A black metal card, 600x rate delta.

36 years, 4 wars, 1 script: How does capital price the world in conflict?

36 years, 4 wars, 1 script: How does capital price the world in conflict?

When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders

Mining companies turn to AI computing power, with no turning back.

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

Continuous cases show that cryptocurrency exchanges are becoming a battleground for traditional finance and tech giants, while also serving as an important stronghold for entering the strategic landscape of Web3.

Pantera Capital: What changes have we made when crypto is treated as a service?

If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

The opportunity for stablecoins lies with those merchants that have yet to emerge.

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

Popular coins

Latest Crypto News

10:44

A newly created wallet deposited 2 million USDC into Hyperliquid to open short positions on BTC and ETH

According to Onchain Lens monitoring, a newly created wallet deposited 2 million USDC into Hyperliquid to open a 5x leveraged BTC short position and a 20x leveraged ETH short position, with the current position value approximately 10 million dollars.

10:44

The U.S. Treasury Department recommends establishing a "frozen safe harbor" mechanism for digital assets, allowing institutions to temporarily freeze suspicious funds

According to Alex Thorn, head of research at Galaxy Research, the U.S. Treasury submitted a report to Congress under the GENIUS Act, recommending that DeFi should explicitly bear anti-money laundering and counter-terrorism financing (AML/CFT) obligations, and consider establishing a "hold law" safe ...

10:44

Data: The transfer volume of stablecoins in February reached $1.8 trillion, setting a new historical record

According to Allium data, the stablecoin transfer volume reached $1.8 trillion, setting a new historical high. Among them, the transfer volume of USDC was approximately $1.26 trillion, accounting for about 70%, surpassing USDT's $514 billion.Although the market capitalization of USDC is about $77.4 ...

10:44

Cryptocurrency payment infrastructure financing surpassed $1 billion for the first time in Q1

According to data from @obchakevich, the financing scale of the cryptocurrency payment infrastructure sector continues to grow: Q1 2024 financing is approximately $223 million, increasing to $738 million in Q1 2025, a year-on-year growth of about 231%; by Q1 2026, it has reached approximately $1.05 ...

10:44

An address on the chain liquidated 115.6 WBTC, resulting in a loss of 4.48 million dollars

According to on-chain analyst Yu Jin's monitoring, a certain address liquidated 115.6 WBTC on-chain, incurring a loss of 4.48 million dollars. The cost price was 105,431 dollars, while the selling price was 67,070 dollars: 115.6 WBTC was sold for 7.753 million DAI.