Crypto firms moving into Wall Street territory amid ‘growing synergy’

Crypto firms moving into Wall Street territory amid ‘growing synergy’

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Cracks and exchange companies are increasingly moving to the Wall Street area, as they launch more traditional investment offers and showcase the increasing relationship between encryption and traditional financing (Trafi).

“There is an increased synergy between traditional financial investments and emerging encryption space,” said Gearsi Chen, CEO of Peter, the sixth largest encryption exchange in the world.

“The encryption players are now examining traditional financing as they see the opportunity to fill it,” Chen told Cointelegraph.

“The lines are unclear – investors want flexibility, and the products that can wander in the two worlds are naturally attractive,” said Chen. “Some players believe that tradfi is a safety network; others, such as Bitget, see it as a launching platform for a broader adoption.” She added:

“In a volatile market, integration is more intelligent than isolation.”

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Chen’s comments come after a week Crypto Exchang Kraken launched Cointelegraph reported on April 14 that reaching 11,000 stocks listed in the United States and the ETFS as the first part of the global expansion of Tradfi shows.

Kraken’s expansion in traditional stock offers was announced a week after the S&P 500 days for two days Loss of more than 5 trillion dollarsTo which US President Donald Trump performed Mutual import Announcement on April 2.

Coinbase CEO Brian Armstrong chanted a similar vision. During the company’s latest profit call, Armstrong said that Coinbase aims to help modernize the global financial system and bring more GDP to the world to encryption bars.

He said during the latest Coinbase’s profit call: “We believe that this is a more efficient, fair and free world that will accelerate progress and create economic freedom.”

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The relationship between encryption and trade is “Takavi by its nature”

A spokesman for Coinbase, the third largest encryption exchange in the world, told Cointelegraph, adding: “The relationship between” digital assets and the most crushing traditional assets. “

“The essence of our mission to enable economic freedom by operating a billion encryption users, supports more” traditional financing “to be combined with encryption.”

“With the increase in organizational clarity and institutional accreditation worldwide, we expect more global GDP to work on encryption bars,” the spokesman added.

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“Speed ​​and transparent” while Trafi “offers confidence, size and compliance” in “an inevitable convergence.”

“Together, Tradfi and Crypto open new paths for each of the retail and institutions investors, especially those who seek to be exposed to digital assets without moving in the full complexity of the original encryption products,” he explained.

Traditional investment platforms like etoro and Robinhood also have Crypting currency shows were launched.

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