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Crypto

SoFi crypto trading revenue rises 10 percent; SoFiUSD supports real-time commercial payments

SoFi said its second-quarter cryptocurrency trading revenue rose 10 percent from the previous quarter. The company recorded $134.3 million in crypto trading revenue, with net revenue of $1.2 million after $133.1 million in transaction costs, up from about $850,000 in the first quarter. It also expanded stablecoin offerings, enabling commercial customers to move funds 24 hours a day using SoFiUSD through its corporate banking platform.

Crypto

SoFi launches Big Business Banking to manage fiat and crypto on single regulated platform

Fintech company SoFi has launched Big Business Banking, a corporate banking platform that handles fiat-currency and crypto operations within a single regulatory system. Businesses can hold deposits, transfer funds and run 24-hour trade settlement in traditional currencies and digital assets. The platform runs through SoFi Bank and offers regulated banking services alongside blockchain-based payment and settlement rails, including SoFiUSD, selected cryptocurrencies and tools to convert between fiat and digital assets.