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SOFI
Benzinga
54 days

SoFi Stock Gets Supercharged With Return To Crypto

1. SoFi announces return to cryptocurrency investing, enabling members to buy and store digital currencies. 2. Plans include self-serve international money transfers and loans backed by crypto holdings. 3. CFO projects over $3 billion in adjusted net revenue by 2025, with strong growth ahead. 4. SoFi stock has gained over 24% recently, reflecting bullish investor sentiment. 5. Partnership with Benzinga aims to enhance research capabilities for informed investing.

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FAQ

Why Bullish?

SoFi's move into crypto aligns with growing market interest, potentially attracting more users. Historical trends show that expansion into digital assets often boosts fintech stocks.

How important is it?

The article details significant developments in SoFi's business model that directly influence growth prospects. Enhancements in crypto services can lead to improved revenue streams and customer acquisition.

Why Long Term?

The strategies announced may take time to materialize, but they position SoFi well for future growth. Similar past expansions in fintech have resulted in sustained growth over years.

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