Crypto exchanges expand into Wall Street territory as synergy with TradFi increases

Digital asset exchanges like Kraken are expanding into traditional finance, highlighting the growing synergy between digital assets and Wall Street.
Crypto exchanges like Kraken are expanding into traditional finance, highlighting the growing synergy between digital assets and Wall Street.

Cryptocurrency firms are increasingly merging with traditional finance (TradFi), reflecting a growing synergy between the two sectors. Gracy Chen, CEO of Bitget, noted that both crypto exchanges and TradFi players are seeking to bridge the gap between the two sectors.

As more investors desire flexibility in their financial products, the lines between crypto and traditional finance are blurring.

In line with this trend, platforms like Kraken are expanding into TradFi offerings, launching access to stocks and ETFs. The move follows similar efforts from other companies, including Coinbase. The exchange aims to modernise the global financial system and increase crypto adoption across the world.

Both sectors recognise the potential of combining blockchain’s speed and transparency with TradFi’s trust, scale, and compliance. The convergence promises to unlock new opportunities for investors and accelerate institutional adoption of cryptocurrency.

Traditional investment platforms like eToro and Robinhood are also entering the crypto space, further cementing the connection between the two industries.

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