Centralized finance (CeFi) platforms such as Coinbase and Gemini have become important bridges for institutions to enter the cryptocurrency market, providing secure and simple asset management services. For example, BlackRock partnered with Coinbase in 2022 to integrate Coinbase’s Coinbase Prime functionality into BlackRock’s proprietary investment management platform Aladdin, demonstrating that CeFi has indeed become a bridge for institutional investors to enter the crypto market. CeFi not only provides convenient access for retail investors but also satisfies the needs of institutional investors for stable and reliable trading services.
Chainalysis The Rise of Financial Institutions and Bitcoin ETFs Drives North America to Lead the Global Market While the Need for Improved Cryptocurrency Regulation Persists