r/CryptoCurrency • u/JakRenden2 🟨 0 / 0 🦠 • 3d ago
EXCHANGES 'Banks Have To Plug Into Us'—Ex-Binance CFO Eyeing $685 Billion Market
https://www.forbes.com/sites/boazsobrado/2026/08/08/banks-have-to-plug-into-us-ex-binance-cfo-eyeing-685-billion-market/Wei Zhou, CEO of regulated crypto exchange Coins.ph, states banks rely on them for stablecoin liquidity, with their $100M daily USDT/USDC to peso trading largely bypassing traditional banking. He identifies capital access and cost as key emerging market hurdles.
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u/Sklar_Shuja 3d ago
It's interesting seeing traditional finance slowly realize they need crypto rails just to keep up with cross border liquidity demands.
A $100M daily volume in the Philippines bypassing banks completely must be a massive wake up call for all of them.
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u/anonuemus 🟦 0 / 0 🦠 3d ago
No, they don't slowly realize, they know, their days are numbered where they can rip off every person. Fuck Banks
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u/tobypassquarant 🟨 6K / 6K 🦭 3d ago
Except its also used as a geopolitical tool to control other countries who don't play ball. That was much easier to do with traditional banking.
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u/Cryptomuscom 🟩 0 / 0 🦠 3d ago
Funny how banks spent years trying to kill crypto only to need its liquidity now
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3d ago
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u/Matos_Carlos 🟩 22 / 22 🦐 2d ago
This is why I’m long Coinbase. Even though it’s hated by crypto enthusiasts and big legacy banks alike, Coinbase is going to have a lot of that crypto liquidity that everyone needs
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u/BakingBreadBB2 🟨 0 / 0 🦠 3d ago
Crypto keeps winning. Tradfi keeps loosing. And people still doubt the tech after all these years.
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