Cryptocurrency companies and exchanges are increasingly moving to the territory of Wall Street, introducing more time-honored investment offers and show the growing connection between cryptographic and time-honored finances (Tradfi).
“According to Graca Chen, CEO of Bitget, six as to the size of cryptographic exchange, there is a growing synergy between traditional financial investments and the emerging cryptographic space.”
“Cryptographic players are now checking traditional finances, seeing the possibility of filling them in,” said Chen Cointelegraph.
“Lines blur – investors want flexibility, and products that can be reduced to both worlds are naturally attractive,” said Chen. “Some players perceive Tradfi as a safety network; others, like Bitget, perceive it as a starting party.” She added:
“In the unstable market, integration is smarter than insulation.”
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Chen’s comments appear a week after Crypto Exchange Kraken began access to 11,000 shares listed on the US list and rotary funds (ETF) as the first part of the global expansion to Tradfi’s offer, CointeLgraph informed on April 14.
The extension of Kraken to the time-honored stock offer was announced a week after the record two -day S&P 500 loss in the amount of over $ 5 trillion, caused by the mutual announcement of US President Donald Trump on April 2.
CEPOBASE CEO, Brian Armstrong, repeated a similar vision. During the latest call of Armstrong, he said that Coinbase aims to lend a hand modernize the global financial system and introduce more GDP in the world into cryptographic rails.
“We think it is a more efficient, fair, free world that will speed up progress and creates economic freedom,” said Coinbase during the latest call.
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The cryptographic and tradfi relationship is “symbiotic by nature”
The relationship between “digital assets and more traditional assets is by nature symbiotic,” Coinbase spokesman, the third largest exchange of cryptography in the world, said Cointelegraph, adding:
“The basis of our mission to enable economic freedom by implementing a billion users into cryptocurrencies, supports more” time-honored finances “to integrate with Crypto.”
“With the increase in regulatory clarity and institutional adoption around the world, we expect that more global GDP will work on cryptographic rails,” the spokesman added.
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Blockchain technology introduces “speed and transparency”, while Tradfi introduces “trust, scale and compatibility” in “inevitable convergence,” said CointeLraph Omri Hanover, general director of the Gems Trade Cryptocurrency Platform.
“Together, Tradfi and Crypto unlock new paths of both retail and institutional investors, especially those who are looking for exposure to digital assets without moving after the full complexity of native cryptographic products,” he explained.
Classic investment platforms, such as EToro and Robinhood, have also introduced cryptocurrency offers.
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