SoFi shares surge 6.57% after-hours as crypto integration and strategic shifts drive investor optimism.

SoFi Technologies surged 6.57% in after-hours trading following the launch of its SoFi Crypto service, positioning it as the first FDIC-insured bank to offer crypto trading, and the successful underwriting of the Instacart IPO. The strategic expansion into crypto and the milestone in underwriting a major IPO signaled growing fintech innovation and market share gains, aligning with recent analyst upgrades and positive media coverage. These developments reinforced investor confidence in SoFi's ability to diversify revenue streams and compete with traditional banks, driving the post-market rally.