Financial Services Company Plaid Integrates Crypto Exchange Data

Financial services API developer Plaid is adding account information on crypto assets from cryptocurrency exchanges.

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The financial service provider said it is now able to display information such as balances, trades, and crypto asset types held by three exchanges, Binance.US, Kraken, and Gemini.

In addition to cryptocurrency exchanges, the platform also provides encrypted data for trading apps like Robinhood and SoFi.

Plaid is a financial services company that builds the data transfer network that powers fintech and digital financial products, allowing apps to connect with users’ bank accounts.

Alain Meier, head of the identity at Plaid, expressed that they would only read transaction information and store it in a wealth management app or money transfer app. There will be no potential access rights, digital asset theft, and other incidents. It also provides clients with due diligence and risk management policies.

Plaid works with several exchanges, including Coinbase, through its identity verification and bank-linked account funding services.

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