SoFi and Kraken are connecting their platforms as traditional banking and crypto markets move into overlapping territory, according to CoinDesk. Kraken is joining SoFi’s settlement network, giving the crypto exchange access to the banking-focused platform’s payment infrastructure. The partnership also includes the listing of SoFiUSD, expanding the digital asset’s presence within Kraken’s crypto marketplace. The tie-up highlights growing links between conventional financial services and cryptocurrency trading, with each company extending into the other’s area of activity. SoFi has developed a presence in digital finance alongside its banking operations, while Kraken operates a global cryptocurrency exchange. The companies’ arrangement combines settlement services with crypto-asset availability, but the supplied information does not specify the timing, terms or financial impact of the agreement.
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CoinDesk
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