SoFi Opens Banking Rails to Kraken in Sweeping Crypto Alliance
WorldPing
On Thursday, SoFi Technologies, Inc. and Payward, the parent company of Kraken, announced a partnership aimed at enhancing digital asset payments, liquidity, and enhanced banking experiences.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
Kraken will list SoFiUSD and gain access to SoFi’s round-the-clock dollar settlement network, while Kraken Prime will execute trades for SoFi’s crypto customers.
Brief by WorldPing · Original reporting by Decrypt
The deal will bring SoFiUSD to Kraken, connect Payward to SoFi’s 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken Prime.
Brief by WorldPing · Original reporting by Cointelegraph
The bank is now offering institutional crypto spot trading in the region, bringing BTC and ETH onto the same eFX rails that institutions use to trade dollars and euros.
Brief by WorldPing · Original reporting by CoinDesk