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Why BlackRock and other ‘tradfi’ titans could struggle to win over crypto traders
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BlackRock just became the latest financial Goliath to dip its toes into crypto, joining heavyweights including Goldman Sachs, Citigroup and Cboe in boosting offerings for institutional clients.
But dedicated crypto trading firms may have little to fear just yet, thanks to the Byzantine nature of traditional finance, or ‘tradfi’, firms.
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