Fintech data provider Plaid has expanded its support for cryptocurrency companies, including in its list Gemini, Binance.US, Kraken and investment platforms like Robinhood and SoFi.
The company said in a blog post that other crypto wallets such as Blockchain.com and BITGO are also planned for the listing later this year. The California-headquartered company noted that the update is a response to a growing number of crypto users as 16% of US adults are using bitcoin (EXANTE: Bitcoin) and ether (ETH).
"With crypto becoming mainstream, Plaid has seen surging demand for crypto data portability, as people want to share their crypto data alongside traditional holdings as they plan their financial lives."
With the integration, cryptocurrency investors can now share their account information, such as asset types, balances and transactions, with other services (e.g. tax advisories, net worth calculations, and others).
