The New York Stock Exchange (NYSE) has announced its move to offer Bitcoin options, marking another significant entry of traditional financial institutions (TradFi) into the cryptocurrency market. This development, reported by Steve Alpher, highlights the increasing interest of traditional institutions in the digital asset space, with many investing larger sums in crypto each week. The trend is seen as part of a broader movement where TradFi professionals are migrating to the crypto industry, although some caution that the transition may not be as beneficial as it appears.
TradFi pros starting to migrate to crypto again. Seen this before. It’s easy to copy paste signals but be careful, the grass isn’t always greener on the other side (I believe @OrthogonalAlpha talked about this) https://t.co/ayTQffhkoc
Beware The Embrace Of TradFi Firms Now Entering Crypto https://t.co/9cTEm4pp0h
#TradFi is entering #Web3 It's clear that traditional institutions are increasingly eager to join this digital world. Every week, more and more institutions are investing larger sums in crypto. But, are they just following the hype? 🧵 https://t.co/x8JYTBCE1T
Crypto + TradFi Market Thoughts... https://t.co/zgx1q6tzXQ
Another TradFi giant comes to crypto as the NYSE moves to offer #bitcoin options. @SteveAlpher reports https://t.co/vAyQMBJZOP