SoFi's net revenue from encrypted trading in Q2 was $1.2 million, with SoFiUSD supporting Ethereum and Solana networks

According to The Block, SoFi's Q2 cryptocurrency trading revenue was $134.3 million, with a net income of $1.2 million after deducting $133.1 million in transaction costs. At the same time, the SoFi Enterprise Banking platform began processing 24/7 commercial payments through SoFiUSD. This stablecoin has been opened to bank app users and supports buying, selling, holding, and exchanging on Ethereum and Solana.