SoFi and Payward Team Up for Seamless Crypto-Fiat Trading

Payward, the company behind cryptocurrency exchange Kraken, has formed a strategic partnership with SoFi to integrate banking and crypto trading systems. This collaboration will see SoFi's USD stablecoin added to Kraken's trading platform, allowing users to trade in both fiat and digital assets.

The deal also gives Payward access to SoFi's round-the-clock dollar settlement infrastructure and corporate banking solutions. Enterprise customers across both ecosystems will gain access to continuous US dollar settlement.

This partnership represents another step in Kraken's expansion into mainstream financial services, ahead of its anticipated public offering. The collaboration has significant implications for users, as it provides a seamless way to trade between fiat and digital assets.