Crypto Finance CEO: Traditional Banks at Least 5 Years Behind Crypto-Native Platforms in DeFi Innovation

BlockBeats News, March 25th, Stijn Vander Straeten, CEO of Crypto Finance under Deutsche Börse, stated that traditional banks are at least 5 years behind crypto-native platforms in DeFi innovation. Large institutions usually need to wait for regulatory clarity before entering the relevant markets, so full adoption of DeFi by banks may still take 5 to 10 years. He pointed out that crypto platforms have already provided features such as weekend trading and instant settlement, while the traditional financial system is still limited by outdated infrastructure like T+2 settlement. (BeInCrypto)