Crypto partnerships continued in 2023 as companies sought to expand geographically, add capabilities or reach new audiences. 

Others ended amid regulation-related concerns.

There were a range of collaborations, as some featured only crypto firms. Others involved a traditional finance player looking to get more involved in the segment by partnering with a more specialized company — a growing trend in recent months.  

Traditional players wade deeper into space

More traditional financial institutions entered the crypto and blockchain segments via link-ups with segment firms, noted Alex Thorn, head of research at Galaxy Digital.   

“It’s clear they increasingly understand the…

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