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SoFi crypto transaction revenue rises 10% to $134 million in Q2

The Block reports SoFi’s crypto transaction revenue increased to $134 million, even as crypto remains a smaller slice of its $1.2 billion quarterly adjusted net revenue.

Reported · Written up by our desk · Market Structure

SoFi reported that its crypto transaction revenue grew 10% to $134 million in the second quarter, according to The Block.

The outlet said crypto still represents a relatively small portion of the company’s results, contributing to quarterly adjusted net revenue of $1.2 billion.

While SoFi’s overall revenue base is much larger, The Block described the crypto segment as showing sustained growth during the quarter.

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