• Plaid, a diversified fintech infrastructure provider, announced that it has added several crypto exchanges, including Binance.US, Gemini, Robinhood, and SoFi, to its network. 

• Through this, developers can use the “Plaid Investments API” to access and incorporate cryptocurrency asset data (including asset types, balances, and transactions) from customers of these exchanges. Accessing this information can help with several services including financial planning, tax advisory, net wealth calculator, and so on.  

• Plaid plans to expand this offering and include Blockchain.com and BitGo to its network later this year. 

<ul><li> Analyst QuickTake: This addition to its network comes on the back of Plaid expanding its platform capabilities over the past year and some. Last October, Plaid launched the “pay-by-bank” solution to enable US and European merchants to accept payments directly from user bank accounts. In February/March 2021, the company also launched income verification product “Simply Income,” along with “Deposit Switch,” which enables users to switch direct deposits to a different bank account.</ul>