SoFi and Kraken Partner for Enhanced Crypto Liquidity
- Payward will connect Kraken to the SoFi Exchange Network, enabling round-the-clock U.S. dollar transactions.
- Kraken will list SoFi’s stablecoin, SoFiUSD, for retail and institutional customers.
- SoFi will utilize Kraken Prime as an additional source of crypto liquidity through its app.
- The partnership aims to improve trade pricing and potentially add qualified custody services in the future.
The collaboration between SoFi Technologies and Payward is set to enhance the connectivity between banking and digital asset markets by integrating Kraken into the SoFi Exchange Network (SEN). This move allows for continuous U.S. dollar transactions outside traditional banking hours, benefiting both retail and institutional clients.
By listing SoFiUSD on Kraken, customers gain improved access to liquidity, which could lead to better trade pricing through Kraken Prime’s services. This partnership marks a significant step in building robust banking and crypto infrastructure. (Source)
