SoFi Technologies pushed its crypto transaction revenue to $134 million in Q2 2026, marking a 10% rise from the previous quarter. While still a small part of its $1.2 billion total adjusted net revenue, the growth signals SoFi’s growing focus on digital assets beyond mere side projects.
The neobank’s overall revenue jumped 40% year-over-year, fueled by a record 2.2 million new product acquisitions and a 35% increase in members, now totaling 15.8 million. SoFi’s diverse product lineup, which surged 42% to 24.4 million offerings, reveals a solid cross-selling strategy CEO Anthony Noto calls the “Financial Services Productivity Loop.”
Expanding crypto infrastructure with stablecoins and enterprise clients
SoFi Crypto now supports over 388,000 products for transactions, combining traditional banking, loans, and investment options within a single app. A key development is SoFiUSD, the stablecoin launched in December 2025, which began settling internal trades during Q2. Unlike most crypto-native stablecoins, SoFiUSD is issued by a bank, regulated by the OCC, and insured by the FDIC, running on Ethereum and enabling real-time payments through the SoFi Exchange Network.
The company also introduced Big Business Banking for enterprise clients, blending fiat and crypto services. Early users include Mastercard and BitGo, with Mastercard’s partnership underscoring confidence in SoFi’s capacity to serve large-scale clients amid its crypto expansion.
This content is for informational purposes and does not constitute financial advice.
