Crypto firms moving into Wall Street territory amid ‘growing synergy’
Cryptocurrency firms and exchanges are increasingly integrating with traditional finance (TradFi), launching investment offerings that blend both sectors. Gracy Chen, CEO of Bitget, highlights the growing synergy, noting that investors seek flexibility in products that bridge crypto and TradFi. Kraken has expanded into traditional stock offerings, allowing access to 11,000 US-listed stocks and ETFs. Coinbase CEO Brian Armstrong emphasizes the goal of modernizing the financial system and increasing global GDP on crypto platforms. A Coinbase spokesperson states that the relationship between digital and traditional assets is symbiotic, with regulatory clarity expected to boost crypto adoption. Omri Hanover from Gems Trade points out that blockchain technology enhances speed and transparency, while TradFi provides trust and compliance, facilitating new investment pathways for both retail and institutional investors. Traditional platforms like eToro and Robinhood have also begun offering cryptocurrency services.
