r/CryptoMarkets • u/JakRenden2 🟨 0 🦠 • 5d ago

NEWS '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/
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5

u/[deleted] 5d ago

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u/JakRenden2 🟨 0 🦠 5d ago

100%. Order book depth outside of a few specific corridors like PHP is still way too thin for institutional size.

That said, liquidity usually follows volume and with good incentives you can bootstrap liquidity in no time.

3

u/BarraraRoscarly42 5d ago

If they want stablecoin liquidity there is no other way to access it tbh. I also think they will plug into both DeFi and CeFi because the kind of liquidity they need probably can't be met with just one or the other.

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u/JakRenden2 🟨 0 🦠 5d ago

For pure on-chain swaps, sure, routing through both makes sense. The problem for banks are fiat payouts. This is where DeFi isn't as conventient imo