Crypto firms moving into Wall Street territory amid ‘growing synergy’
Cryptocurrency firms are increasingly entering traditional finance (TradFi) as they launch more traditional investment offerings, showing a growing synergy between the two sectors. Gracey Chen, CEO of Bitget, highlighted the attractiveness of products that bridge both crypto and TradFi, noting that integration is more beneficial in a volatile market. This trend follows various moves by major exchanges, with Bitget recently expanding to offer access to thousands of US-listed stocks and ETFs. Coinbase's CEO, Brian Armstrong, stated that Coinbase aims to modernize the global financial system by integrating traditional finance with crypto, highlighting the need for regulatory clarity and institutional adoption. As traditional investment platforms also begin to include crypto offerings, experts suggest that the convergence of digital and traditional assets is inevitable and could create new investment pathways for retail and institutional investors.
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