SoFi crypto business Q1 net revenue reaches $852,000, reports 239,500 accounts

SoFi's crypto business reported trading revenue of $122 million in the first quarter, with costs totaling $121 million and a net income of $852,000. The company reported 239,500 crypto accounts (defined as accounts opened, not active users). In December last year, SoFi launched the SoFiUSD stablecoin for enterprise payments and partnered with Mastercard to provide settlement services.