3 things the crypto sector must offer to truly mainstream with TradFi
“Reforming the face of finance” is crypto’s primary sales pitch, but the sector needs to offer a few basic components before being welcomed into the arms of the traditional finance sector. In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets. The total value locked (TVL) in the DeFi sector across all chains has grown from $18 billion at the beginning of 2021 to $240 billion in January....
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The merging of crypto and TradFi is inevitable, with the latter potentially mitigating the volatility permeating the digital asset industry. Despite the current struggle in the global economy, the gap between traditional finance (TradFi) and crypto seems to be closing with each passing day. For example, earlier this month, Vienna-based fintech unicorn Bitpanda announced that it was adding commodities to its list of investment options, thus allowing investors to rake in profits from short-term price fluctuations related to traditional instruments such as oil, natural gas and wheat.In a....
The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable. Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million per day currently, and blockchain transactions would exceed millions per day if other chains were included.Most of these....
XRP, DOGE, and SHIB have been some of the cryptocurrencies that have been undeterred by the persistent crypto winter as they have continued to appear in partnerships that promote mainstream adoption. This time around, all of these cryptocurrencies are making their way into the traditional finance market with a new partnership. Pay Your Mortgage And […]
Even though the crypto market is currently facing a lot of volatility, investments across the blockchain landscape have continued to surge. After forging a minor recovery of sorts earlier this month, the crypto market has returned to exhibiting high levels of volatility over the past two weeks. This trend has pervaded the market since late last year, with the total market capitalization of the digital asset industry having dipped from an all-time high of $3 trillion back in November 2021 to its current levels of $1.08 trillion, representing a drop of over 65%.This then begs the question:....
The exchange now allows crypto investors access to traditional investments such as natural resource commodities like precious metals. The Vienna-based fintech unicorn Bitpanda is harkening back to the ways of traditional finance (TradFi) through new offerings on its exchange platform.By adding commodities to its list of available investment options, Bitpanda aims to provide its users to benefit from short-term price fluctuations in more traditional instruments, such as oil, natural gas and wheat.Bitpanda CEO Eric Demuth told Cointelegraph that due to investor demand, the line between....