Overview: TradFi Integration and Control
Traditional finance integrates with exchanges via liquidity, governance, and compliance, shifting market structure.
Drivers: Liquidity, Governance, Compliance
Resilience, transparency, and access drive institutional participation and control.
Models: Partnerships, Investments, Acquisitions
Different models align incentives and capabilities across firms and regions.
Impacts: Market Structure and Users
Users gain reliability; merchants gain faster settlement; institutions gain disclosures.
Risks and Countervailing Forces
Regulatory changes, competition, and decentralization pressures can rebalance control.
Outlook and Scenarios
Expect deeper integration where liquidity and compliance deliver measurable benefits.
Conclusion
TradFi integration is reshaping exchanges; user outcomes depend on execution and governance.