SoFi Reports 503,000 Crypto Products in $1.39 Billion Quarter
SoFi's latest financial results show a significant resurgence in crypto activity, while Robinhood's crypto revenue continues to decline.
SoFi's latest financial results show a significant resurgence in crypto activity, while Robinhood's crypto revenue continues to decline. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Wed, 28 Oct 2026 01:45:01 UTC.
The data highlights a shift in the crypto trading landscape, with SoFi gaining momentum while Robinhood faces challenges in its crypto business despite overall revenue growth.
- SoFi reported 503,000 crypto products and $161.6M in gross crypto transaction revenue.
- Robinhood's crypto revenue dropped 55% YoY to $120M despite record overall revenue.
- SoFi's crypto revenue grew 20% QoQ, contrasting with Robinhood's decline.
SoFi's latest financial report indicates a significant resurgence in its crypto business, with the company reporting 503,000 crypto products and a gross cryptocurrency transaction revenue of $161.6 million.
This represents a 20% increase in gross crypto revenue compared to the previous quarter, although the net revenue figure after costs was not fully disclosed.
In contrast, Robinhood's crypto business continues to face challenges, with crypto transaction revenue dropping by 55% year-over-year to $120 million, despite the company achieving a record overall revenue of $1.42 billion.
The discrepancy between the two platforms highlights a shifting landscape in the crypto trading sector, with SoFi gaining momentum while Robinhood struggles to maintain its crypto market position.
The broader market context shows a relatively stable crypto market with a total market cap of $2.77 trillion and 
Bitcoin up 0.83% in the last 24 hours. The Fear & Greed Index stands at 51, indicating a neutral sentiment.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SoFi Reports 503,000 Crypto Products in $1.39 Billion Quarte — questions & answers
What is SoFi's gross crypto transaction revenue for the quarter?
SoFi reported $161.6 million in gross crypto transaction revenue.
How much did Robinhood's crypto revenue decline year-over-year?
Robinhood's crypto transaction revenue declined by 55% year-over-year to $120 million.
What is the current state of the overall crypto market?
The total crypto market cap is $2.77 trillion, with Bitcoin up 0.83% in the last 24 hours.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.