December 11, 2023

Fintech startup Plaid adds integration with Gemini, Kraken and Binance.US

Fintech startup Plaid has added support for accounts of cryptocurrency exchanges Gemini, Kraken and Binance.US to its well as online brokers Robinhood and SoFi. In the future, and BitGo will add to this list.

Earlier, Plaid received integration with some bitcoin exchanges, in particular, with Coinbase.

With Plaid, users can securely share information such as balances, transactions, and the type of crypto assets they hold.

The initiative is useful for financial planning, tax assessments, and net worth calculations, with the ability to connect to other investment accounts, from brokerage and retirement to savings.

“Consumers will have a holistic viewabout your finances. This move is especially significant given that roughly 60% of millennials now own cryptocurrencies. This is another milestone on the road to a more open financial ecosystem.”- said Plaid's head of identification Alain Mayer.

Mayer stressed that transaction flows are availableonly for reading. Applications have no potential access to steal customer funds. Plaid has a robust due diligence and risk management policy for all partners.

"We want to help bridge the gap between Web2 and Web3 and create tools for developers to do just that", the top manager promised.

Recall that in April 2022, Plaid attracted $425 million in investments.

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