SoFi Technologies Ties Up with Kraken in Infrastructure Play

SoFi Technologies has linked its Big Business Banking platform with Kraken's exchange, creating an integrated infrastructure play.

The partnership ties SoFiUSD, real-time settlement via the SoFi Exchange Network, and Kraken Prime's crypto liquidity together.

This move comes during a choppy period for SoFi Technologies, which has seen its share price decline 3.8% to $17.33 on the day.

Despite this short-term volatility, the company's long-term prospects remain strong, with a 97% three-year total shareholder return and a 12.2% five-year total shareholder return.