AXIOS (Courtenay Brown) - Exclusive: Wall Street embraces crypto it once feared
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. What they're saying: "Nearly all traditional financial services companies are gonna offer crypto, bitcoin, ethereum to their customers," David Ripley, the co-CEO of cryptocurrency exchange Kraken, told Axios on Tuesday. - Ripley called this "a big story of 2026." Banks and brokerages are responding to demand from retail investors, institutions and wealthy clients. The big picture: A collision of…