Cathie Wood’s ARK buys $1.5M SOFI shares as SoFi exits crypto
Cathie Wood’s ARK has been actively accumulating shares of SoFi, which announced plans to terminate crypto services by the end of 2023.
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SoFi Technologies to cease crypto services by Dec. 19
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.
Data transfer network Plaid integrates 4 major crypto exchanges
The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts.
Chamath Palihapitiya sells 15% of his stake in SOFI
Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm.