Fintech Sell-Off Continues as SoFi and Affirm Tumble

Sofi has dipped by 3% despite rumors of a potential tie-up with Kraken, a leading cryptocurrency exchange. This comes as Affirm fell 5%, while Robinhood remained steady amidst a broader sell-off in the fintech sector.

The news of the possible partnership between SoFi and Kraken has sparked speculation about the future direction of the financial services market. However, neither company has made any official announcements regarding this tie-up.

It's worth noting that the fintech sector as a whole has been experiencing a downturn in recent times. This sell-off is not unique to SoFi or Affirm, with many other companies in the space facing similar challenges.