Wall Street's engagement with cryptocurrency is intensifying as major financial firms like BlackRock, Fidelity, and VanEck introduce new crypto products, while Nasdaq enhances its digital asset infrastructure. Despite this growing interest, institutional trading largely remains off-chain due to current blockchain limitations in speed, reliability, and settlement certainty.
Institutions continue to favor traditional systems, utilizing crypto ETFs for market exposure. For blockchains to attract onchain trading, they must exceed traditional market speeds and provide deterministic conflict resolution and enhanced connectivity. Robinhood's recent blockchain launch indicates a potential shift towards faster, more transparent onchain trading solutions.
Wall Street Expands Crypto Offerings, Prefers Off-Chain Trading
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