SoFi’s 15.8 Million Members Do Not Show PENGU Trading

SoFi’s 15,814,418-member total does not measure PENGU trading on its crypto app, leaving the listing’s reach among customers unquantified.

At 12:21 p.m. ET (16:21 UTC) on Oct. 1, SoFi announced that PENGU was available on SoFi Crypto. The company had 15,814,418 members as of June 30, three months before the token became available.

The membership figure covers SoFi’s broader customer base. It does not show how many members use SoFi Crypto or whether they bought, sold or held PENGU through the app. The available figures do not quantify PENGU purchases, trading volume or net flows through SoFi.

SoFi’s PENGU availability announcement established that customers could access the token in its app, but the membership count does not show how many used that access.