{"id":39277,"date":"2025-04-30T11:36:57","date_gmt":"2025-04-30T11:36:57","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/30\/sofi-plans-crypto-comeback-within-6-months-says-ceo-anthony-noto\/"},"modified":"2025-04-30T11:36:57","modified_gmt":"2025-04-30T11:36:57","slug":"sofi-plans-crypto-comeback-within-6-months-says-ceo-anthony-noto","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/30\/sofi-plans-crypto-comeback-within-6-months-says-ceo-anthony-noto\/","title":{"rendered":"SoFi plans crypto comeback within 6 months, says CEO Anthony Noto"},"content":{"rendered":"
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SoFi Technologies Inc (NASDAQ: SOFI) chief executive Anthony Noto says the neobank is fully committed to \u201cre-entering the crypto category\u201d in 2025.  <\/p>\n

Speaking with CNBC<\/a> this week, Noto said SoFi will likely resume crypto-related services within the next six months as the regulatory environment continues to evolve under Trump 2.0.<\/p>\n

Noto\u2019s remarks arrive shortly after the fintech reported better-than-expected financial results<\/a> for its first quarter. Since April 8th<\/sup>, SoFi shares have gained a total of about 40%.<\/p>\n

SoFi has big plans for crypto in 2025<\/h2>\n

CEO Anthoy Noto also confirmed during the CNBC interview that SoFi Technologies wants to \u201center crypto and blockchain activities in a much broader and significant way\u201d over the next couple of years.<\/p>\n

Ultimately, the financial services company aims at integrating crypto and blockchain related products into all of its business units. <\/p>\n

Note that SoFi previously decided in favour of discontinuing its crypto services<\/a> due to increased scrutiny from banking authorities like the Federal Reserve and the FDIC.<\/p>\n

At the time, it enabled existing users to either migrate their accounts to Blockchain.com or have their accounts liquidated.<\/p>\n

Despite massive surge in recent weeks, SoFi stock is currently down more than 25% versus its year-to-date high in late January.<\/p>\n

SoFi added a record number of customers in Q1<\/h2>\n

On \u201cSquawk Box\u201d, the company\u2019s chief executive took a positive stance on crypto at large.<\/p>\n

He sees cryptocurrencies as alternative means for \u201ceasier, low-cost, faster\u201d payments \u2013 a massive opportunity that SoFi wants to capture by \u201cproviding infrastructure services to third-parties via our tech platform.\u201d<\/p>\n

Earlier this week, the neobank said a record addition of 800,000 new customers helped its adjusted net revenue jump 33% on a year-over-year basis to an all-time high of $771 million in its recently concluded quarter.<\/p>\n

On a per-share basis, the financial technology company earned 6 cents in Q1, beating estimates by a whopping 100%. It\u2019s worth mentioning, however, that SoFi shares do not currently pay a dividend.<\/p>\n

Is it too late to buy SoFi shares in 2025?<\/h2>\n

SoFi stock is being hailed this morning also because the San Franciso-headquartered firm raised its full-year outlook this week.<\/p>\n

According to Mizuho analyst, Dan Dolev, raising the guidance amidst macro uncertainty<\/a> that\u2019s keeping others from even maintaining their views for 2025 makes SoFi stock a \u201cbeacon of stability in turbulent times.\u201d<\/p>\n

Mizuho currently has an \u201coutperform\u201d rating on the Nasdaq listed firm. Its $20 price target on SOFI indicates potential for an exciting 50% upside from current levels.<\/p>\n

That said, not everyone on Wall Street is as bullish on SoFi Technologies Inc<\/a> as Mizuho\u2019s Dolev. <\/p>\n

Consensus rating on the fintech stock is currently pegged at \u201chold\u201d with the average price target of $13.37 indicating analysts believe much of the good news is already factored into SOFI shares.\u00a0<\/p>\n

The post SoFi plans crypto comeback within 6 months, says CEO Anthony Noto<\/a> appeared first on Invezz<\/a><\/p>\n

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SoFi Technologies Inc (NASDAQ: SOFI) chief executive Anthony Noto says the neobank is fully committed to \u201cre-entering the crypto category\u201d in 2025.   Speaking with CNBC this week, Noto said SoFi will likely resume crypto-related services within the next six months as the regulatory environment continues to evolve under Trump 2.0. Noto\u2019s remarks arrive shortly <\/p>\n","protected":false},"author":1,"featured_media":39278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-39277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=39277"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/39278"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=39277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=39277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=39277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}