Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Kraken parent Payward partnered with SoFi to expand its stablecoin, settlement and institutional trading reach. Elsewhere, Standard Chartered launched spot Bitcoin and Ether trading for institutional clients in the United Arab Emirates, while Hyperscale Data shut down Bitcoin mining at its Michigan facility as it converts the site into AI infrastructure.
Kraken parent Payward is expanding its reach into traditional finance through a new partnership with SoFi.
The deal brings SoFiUSD to Kraken and connects Payward to the SoFi Exchange Network, giving Kraken’s institutional and business clients access to 24/7 US dollar settlement. SoFi will also use Kraken Prime as an additional source of digital asset liquidity, and could add qualified custody services later.
Source: Source: Cointelegraph