SoFi Surges to Record High as Bitcoin Trading Debuts After Becoming a U.S.-Chartered Bank

SoFi Technologies (SOFI) stock traded above the $32 level, printing a record intraday high as market data underscore a renewed bid for fintech equities. The move was accompanied by an intraday gain around 4.2%, a market capitalization near $38.89 billion, and roughly $1.021 billion in turnover, signaling healthy liquidity and active investor demand for digital financial services exposure.

From its origins in student loan refinancing, SoFi now operates as a digital financial services platform with diversified revenue streams beyond the core loan book. In the third quarter, fee revenue climbed to a new peak, reflecting stronger transaction volumes, product breadth, and improving monetization across the ecosystem.