US bank reveals $166M in crypto holdings: Q2 earnings report By Cointelegraph
[ad_1]
The San Fransico-based SoFi (NASDAQ:) bank holds almost $170 million in crypto on its balance sheet, according to its second quarter (Q2) earnings report. The United States bank, which serves over six million customers, has seen a significant increase in its crypto holdings compared with the previous quarter.
The bank holds (BTC), Ether (ETH), (LTC), (ADA), (SOL), (DOGE) and (ETC). Out of the total $166 million of crypto investments, the bank holds $82 million of BTC and $55 million worth of ETH. DOGE took the third spot at almost $5 million, with ADA holdings totaling $4.5 million. An investor presentation also revealed that SoFi onboarded over 500,000 customers and now supports trading for over 22 cryptocurrencies.
Continue Reading on Coin Telegraph
[ad_2]
Source link
The San Fransico-based SoFi (NASDAQ:) bank holds almost $170 million in crypto on its balance sheet, according to its second quarter (Q2) earnings report. The United States bank, which serves over six million customers, has seen a significant increase in its crypto holdings compared with the previous quarter.
The bank holds (BTC), Ether (ETH), (LTC), (ADA), (SOL), (DOGE) and (ETC). Out of the total $166 million of crypto investments, the bank holds $82 million of BTC and $55 million worth of ETH. DOGE took the third spot at almost $5 million, with ADA holdings totaling $4.5 million. An investor presentation also revealed that SoFi onboarded over 500,000 customers and now supports trading for over 22 cryptocurrencies.
Continue Reading on Coin Telegraph
About The Author
