SoFi Technologies (NASDAQ: SOFI) reported higher-than-expected third-quarter earnings on Tuesday and raised its full-year profit forecast, citing increased fee income and user growth across its financial services platform.
The company also confirmed plans to launch Bitcoin and cryptocurrency trading by the end of the year.
Chief Executive Officer Anthony Noto said the company remains on track to launch Bitcoin and crypto trading by the end of the year, and added that SoFi plans to introduce its own SoFi USD stablecoin in the first half of 2026.
Adjusted revenue rose 38% from a year earlier to $950 million, surpassing analyst estimates of $886.6 million.
Adjusted profit came in at $0.11 per share for the quarter ended September 30th, exceeding expectations of $0.08 per share. SoFi shares rose 3.8% in pre-market trading following the results, according to Reuters.
SoFi’s move into digital assets follows similar developments among established financial institutions.
Earlier this quarter, Morgan Stanley announced plans to offer Bitcoin and crypto trading for retail investors through its E*Trade platform in partnership with Zerohash, which will handle liquidity, custody, and settlement.
Originally founded as a student loan refinancing firm, SoFi has expanded into a multi-product financial platform offering services such as investing, credit cards, and savings accounts.
The company’s current market capitalization stands at roughly $36 billion.
In June, SoFi resumed spot Bitcoin and crypto trading and unveiled plans for a blockchain-based international remittance service after suspending digital asset operations in 2023 due to regulatory concerns.
The company stated that members would be able to buy, sell, and hold Bitcoin and cryptocurrencies within its platform.
The forthcoming money transfer service is expected to allow users to send funds to multiple countries via blockchain networks with real-time exchange rate transparency and 24-hour access to transactions.
At the time, Noto said SoFi viewed blockchain and digital assets as central to the future of financial services, highlighting the company’s broader focus on integrating emerging technologies within its financial offerings.