SoFi and Robinhood are major players in the fintech sector, with the CEO discussing settlement business on SoFi Exchange and potential crypto settlement ties with Kraken.

The entities involved

• SoFi →

  American financial services company

  • SoFi lost a major client, Chime, due to its own charter pursuit, and Fed rate hikes are increasing deposit costs and affecting loan demand.Sat 04:57
  • Nvidia CEO Jensen Huang spoke at a conference in Seoul. Meanwhile, Anthony Noto bought SoFi stock, Elon Musk purchased Tesla stock, and Jamie Dimon bought shares of JPMorgan Chase.Fri 16:23
• Kraken →

  cryptocurrency exchange

  • Payward announced integrations with Nasdaq and the London Stock Exchange, while placing Kraken under its corporate umbrella.Thu 09:54
  • The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.Wed 23:17

Related events

• Payward is integrating with SoFi's network and listing SoFiUSD on Kraken's multi-asset trading platform.Sep 4
• SoFi and Mastercard are partnering to offer financing solutions for Small to Medium Businesses (SMBs).Jun 30
• Payward, now the parent company of Kraken, is expanding its financial services through a partnership with SoFi.Sep 3
• Kraken and Payward facilitate tokenized assets, including SpaceX IPO shares and UK equities, through new partnerships.Sep 3
• While SoFi and Robinhood are fintech companies, they are currently facing market challenges, though Cramer remains positive on SoFi.Aug 11