SoFi Stock (SOFI) Soars 15% As Crypto Hits 503,000 Products

SoFi Technologies reported record third-quarter 2026 results earlier Tuesday, and its crypto business reached 503,070 products by quarter-end. At the time of writing, SoFi shares were up 14.59% on the day at $16.56. 

The lender raised full-year guidance at the same time. SoFi returned to crypto investing in the fourth quarter of 2025, when it became the first U.S. nationally chartered bank to offer retail crypto trading.

That said, crypto remains a small line in the results. Crypto transaction revenue totaled $161.6 million in the quarter, but the cost of that revenue reached $160.0 million. Net crypto transaction revenue was $1.6 million, equal to 0.1% of total net revenue. 

SoFi earns a fee on each buy and sell order, while the bulk of gross volume flows through as cost. For the first nine months of 2026, net crypto transaction revenue totaled $3.7 million on $417.5 million in gross revenue.

Per the company, member trading picked up in September. Members placed 218,469 trades, a 14% increase from August’s 191,359. Buy trades rose 18% to 133,937, and sell trades rose 8% to 84,532. Buy volume reached $33.8 million, and sell volume reached $39.1 million. 

Members placed 25 trades of $100,000 or more. Bitcoin led trading volume with a 39% share. New traders drove much of the activity. 44% of September traders made their first-ever trade that month, 20% had traded before but not in August, and 36% traded in both months.