PANews reported on January 30th that, according to The Block, SoFi Technologies, one of the largest online lending institutions and a fintech company in the US,PANews reported on January 30th that, according to The Block, SoFi Technologies, one of the largest online lending institutions and a fintech company in the US,
Driven by the expansion of its crypto business, US national bank SoFi's revenue surpassed $1 billion for the first time in the fourth quarter.
News Brief
SoFi Technologies, a prominent US-based fintech firm and digital lender, exceeded $1 billion in quarterly revenue for the first time during Q4, while profits reached $174 million—a milestone driven significantly by its expanding cryptocurrency ventures. Throughout the quarter, the company attracted a record one million new members, consequently elevating total membership to 13.7 million, which represents a 35% year-over-year increase. Notably, this San Francisco-headquartered bank recently made history as the first nationally chartered US bank to provide consumer crypto trading capabilities. Moreover, it has deployed its SoFiUSD stablecoin alongside blockchain-powered money transfer services spanning over thirty countries, with SoFiUSD currently operating on the Ethereum network.
PANews reported on January 30th that, according to The Block, SoFi Technologies, one of the largest online lending institutions and a fintech company in the US, saw its revenue surpass $1 billion for the first time in the fourth quarter, with profits reaching $174 million, driven by the expansion of its cryptocurrency business. The company stated that it added 1 million new members in the fourth quarter, a record high, bringing its total membership to 13.7 million, a 35% increase year-over-year.
This San Francisco-based lending institution recently became the first nationally chartered bank to launch consumer cryptocurrency trading, and subsequently launched the SoFiUSD stablecoin and blockchain-integrated remittance service in more than 30 countries.
Previously, it was reported that SoFi, a national bank in the United States, launched a stablecoin for the US dollar, SoFiUSD, which is now available on the Ethereum blockchain.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Lyn Alden: The Fed is Printing Money, What Will Happen to BTC?
The post Lyn Alden: The Fed is Printing Money, What Will Happen to BTC? appeared on BitcoinEthereumNews.com. Lyn Alden’s Fed Monetary Policy and BTC Prediction
Share
BitcoinEthereumNews2026/02/09 06:52
Goldman Sachs Warns $80 Billion in Forced Selling Could Still Hit U.S. Stocks
Goldman Sachs is warning that the recent sell-off in U.S. equities may not be finished, even after last week’s sharp rebound, as systematic trend-following funds
Share
Ethnews2026/02/09 07:34
Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
Share
Coinstats2025/09/18 03:30