Key facts
- SoFi and Kraken have partnered to integrate SoFi's banking network and stablecoin with Kraken's platform.
- The partnership aims to improve crypto liquidity and settlement services.
- SoFiUSD will be integrated into Kraken.
- The collaboration will enable 24/7 dollar settlement through SoFi's network.
Kraken's parent company, Payward, has entered into a partnership with SoFi, a financial services company. This collaboration will see SoFi's banking network and stablecoin, SoFiUSD, integrated into the Kraken cryptocurrency exchange. The primary goal of this integration is to enhance crypto liquidity and settlement services. Specifically, the partnership will enable 24/7 dollar settlement through SoFi's established banking network. This move follows SoFi's own introduction of bitcoin trading last year, indicating a broader push into digital assets.