Gate's U.S. exchange partners with SoFi's Big Business Banking platform for fiat and crypto infrastructure.
Ecosystem ·
Gate's U.S. exchange has partnered with SoFi's Big Business Banking platform to serve as its fiat and crypto infrastructure provider. The arrangement pairs the crypto exchange with SoFi's banking services, enabling integrated handling of both traditional and digital asset flows. The partnership reflects a broader convergence between crypto platforms and established financial infrastructure, as traditional banking services increasingly support digital asset operations alongside conventional fiat rails.
The collaboration underscores ongoing efforts within the crypto industry to access mainstream banking capabilities rather than operate entirely outside traditional financial channels. SoFi's Big Business Banking platform is positioned to provide settlement, custody, and payment processing functions that Gate's U.S. operations require to serve customers and manage liquidity. Such partnerships have become common as crypto exchanges seek regulatory clarity and operational efficiency through established financial institutions.
Details on the specific scope of the arrangement—including which banking functions SoFi will handle, the timeline for implementation, and any exclusivity terms—remain unclear. The announcement does not specify whether additional regulatory approvals are required or how the partnership will evolve as U.S. crypto banking rules develop further.