US-based data transfer network Plaid has reportedly completed the integration of four top-tier crypto exchanges to its platform, enabling simplified portfolios-applications connection for users. 

Specifically, Plaid has reportedly executed the inclusion of high-profile crypto entities Binance.US, Gemini, Robinhood, and SoFi to its network. Facilitating features for extra platforms, nominally Blockchain.com and BitGo, is expected to be conducted in the latter half of 2022.

The initiative from Plaid reportedly serves a primary target of assisting crypto users in “bridging data portability gaps”, by enabling them to securely share their account data with other applications and services.

Different kinds of data – nominally assets held, balances, and transactions – will reportedly be available for sharing with other services to obtain a more comprehensive overview of an account’s personal finances.

Binance.US and Gemini are reportedly among the top well-known cryptocurrency platforms, with near-top rankings in the U.S. market, in terms of exchange volumes. Discount brokerage Robinhood started the integration of crypto trading in early last year when the bulls are taking over the crypto scene. 

SoFi, a California-headquartered fintech company, initially introduced zero-fee trading for Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) in 2019.

At the moment, Plaid is reportedly supporting more than 12,000 financial institutions with its network. An estimated 98 million users in America are Plaid’s customers between 2013 and 2021. The firm currently has a valuation of $13.4 billion.

In 2020, Plaid was reportedly the primary acquisition target for Visa and was offered $5.3 billion in a buyout. Although the firms agreed on a merger, Visa later scratched the acquisition citing reasons related to pressures from the Department of Justice (DOJ). At the time, the DOJ’s antitrust division alleged that Visa’s acquisition plans represented an “anticompetitive merger.”