The lines between cryptocurrency and regular finance are blurring. Crypto is starting to make an appearance on Wall Street, and crypto firms are on their way.

This trend was pointed out by Bitget CEO Gracy Chen. She added that crypto platforms are looking to traditional finance for the leap.

In a recent interview, Bitget CEO Gracy Chen highlighted the converging trends of cryptocurrency and traditional finance.

As crypto is gradually making its presence felt on Wall Street, crypto firms are also venturing into the realm of traditional finance, an observation made by Bitget CEO Gracy Chen.

Gracy added that crypto platforms are adapting to traditional finance for a smoother transition, while investors are seeking products that span both crypto and financial markets.

Coinbase, a leading cryptocurrency exchange, shares a similar vision. While cashing in on crypto mania on Wall Street, CEO Brian Armstrong stated that the company is aiming to modernize global finance by integrating as much of the world’s economic activity onto crypto systems. According to him, this move is driven by the pursuit of efficiency, fairness, and economic freedom.

In the words of a Coinbase representative, digital assets and conventional finance share a mutually beneficial connection. Coinbase is focused on onboarding one billion users to crypto and facilitating this transition through a combination of traditional financial systems and digital assets.

Crypto Integration into Mainstream Finance

The merging of crypto and traditional finance is evident in recent developments, such as the integration of digital assets into exchange traded funds (ETFs).

As per Kyle Chassé’s post on X, there are currently 72 ETFs linked to cryptocurrencies awaiting approval from the U.S. Securities and Exchange Commission (SEC), a process being pushed by major financial institutions like BlackRock, Fidelity, and Grayscale. These ETFs track Bitcoin and Ethereum, along with other cryptocurrencies, including the popular Solana and even lesser-known coins like Bonk and Pengu.

The filings indicate a significant influx of large capital into the crypto market, possibly the biggest to date.

With a change in leadership at the SEC and a pro-crypto stance from the new chair, Paul Atkins, who was sworn in on April 21, 2025, the crypto community is optimistic about a favorable regulatory environment.

However, not all reactions are positive, with a section of X users expressing concerns over crypto becoming centralized and potentially ending up like the stock market, where a few individuals hold the majority of investments.

Moreover, several ETF applications have been denied, raising questions about the approval process.

The Combination of Blockchain and Traditional Finance

Combining the complementary strengths of crypto and traditional finance brings together two entities that have largely operated in separate domains.

According to Omri Hanover, general manager of Gems Trade, a cryptocurrency platform, this combination opens up new avenues for investors. It provides retail and institutional traders with an efficient way to gain exposure to digital assets without needing to engage directly with native crypto products.

Companies like eToro, Robinhood, and several others have adapted by offering cryptocurrency in addition to traditional investment options on their platforms, as investors are keen on diversifying their portfolios. This move aligns with the broader trend of global GDP shifting towards crypto systems with clear regulations and increasing institutional adoption.