SoFi Discloses 503,000 Crypto Products; Gross Crypto Revenue Hits $162M

SoFi's first public crypto breakdown matters less for the headline revenue figure than for what it reveals: a mainstream fintech is now sizing its crypto exposure in the same disclosure it uses for its core business. That puts crypto activity on the same reporting footing as lending and deposits, a step few consumer fintechs have taken. The 20% revenue growth alongside record total net revenue suggests crypto is contributing to, not distracting from, the broader franchise. Whether other fintechs follow with comparable product-level disclosure is the open question.