SoFi is expected to launch cryptocurrency trading within the year

ChainCatcher news, SoFi Technologies (SOFI.O) raised its full-year profit forecast on Tuesday to a level above Wall Street expectations after a surge in fee income and record performance in the third quarter. The company's stock rose 3.8% in pre-market trading.

SoFi has evolved from a student loan refinancing startup into a comprehensive financial services company, offering a range of services from IPO investments to credit cards and savings accounts, with a market capitalization of approximately $36 billion.

SoFi CEO Anthony Noto stated that SoFi is expected to launch crypto trading this year, and the SoFi USD stablecoin will be launched in the first half of 2026. Adjusted revenue for the third quarter grew 38% year-over-year to $950 million, exceeding the expected $886.6 million. Adjusted profit doubled in the three months ended September 30 to $0.11 per share, surpassing the expected $0.08 per share.