SoFi Bolsters 2023 Profit Outlook, Announces Crypto Trading Plans

SoFi Technologies has exceeded Wall Street expectations, reporting a record third-quarter profit and announcing plans to launch crypto trading this year and a stablecoin by 2026. The stock price jumped by 3.8% in pre-market trading, reflecting investor confidence in the company’s expansion into financial products. CEO Anthony Noto unveiled these plans as part of SoFi’s robust performance, which includes a significant increase in fee income, exceeding market predictions.