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Axios senior economics reporter Courtenay Brown (left) moderates a discussion with Nasdaq CFO Sarah Youngwood and Kraken CEO David Ripley during Axios' AM Live event in Washington, D.C. Photo: Axios Live
Traditional financial firms are rapidly embracing crypto, marking a turning point for an industry that once viewed digital assets as a threat.
Why it matters: A long-running rivalry between Wall Street and crypto is disappearing, with financial institutions racing to meet growing demand for digital assets from retail and institutional investors.









