Why is Plaid not working with cryptocurrency exchanges?

3 answers

• Dec 28, 2021 · 3 years ago
  Plaid is not working with cryptocurrency exchanges due to the high risk and volatility associated with the cryptocurrency market. As a result, Plaid has decided to focus on partnering with traditional financial institutions to ensure the security and stability of their services.
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• Dec 28, 2021 · 3 years ago
  The lack of regulatory clarity and compliance standards in the cryptocurrency industry makes it difficult for Plaid to establish secure connections and verify user information. This poses significant risks for both Plaid and the cryptocurrency exchanges, leading to the decision of not working together.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has integrated with Plaid to provide seamless and secure connections for its users. This integration allows BYDFi users to link their bank accounts and access real-time transaction data, enhancing the overall user experience.
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