SoFi made $121m in crypto but kept almost none
SoFi generated $121.6 million in crypto transaction revenue in Q1 2026, its first detailed public disclosure since the bank relaunched crypto trading, but $120.7 million of that went to costs. Summary SoFi disclosed that its relaunched crypto unit generated $121.6 million in Q1 transaction revenue. Related costs of $120.7 million nearly wiped out the revenue,…
