SoFi to Launch Bitcoin and Crypto Trading, Eyes Record Year
SoFi reported record Q3 results, raised its full-year profit forecast, and plans to launch crypto trading by year-end.Summary
SoFi Technologies reported record third-quarter results, surpassing Wall Street expectations with adjusted revenue climbing 38% year-over-year to $950 million, leading the company to raise its full-year profit forecast. CEO Anthony Noto confirmed that SoFi remains on track to launch Bitcoin and crypto trading by the end of the year, with plans to introduce its own SoFi USD stablecoin in the first half of 2026. This move signals a significant step into the digital asset economy, echoing similar plans by Morgan Stanley for its E*Trade platform. SoFi, which evolved from a student loan refi startup into a full financial services platform, had previously halted crypto services in 2023 due to regulatory issues but announced in June its plans to reintroduce spot crypto trading alongside a new blockchain-based global remittance service.
(Source：Bitcoin Magazine)