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 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 […]
Key Takeaways
- 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 […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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