CME's global head of crypto says DeFi will replace traditional finance, but they should coexist.

BlockBeats News, September 14th - BlockBeats reporter reported on the front line of Token2049 that Giovanni Vicioso, global head of CME Group's cryptocurrency products, stated at the "Institutionalization of Digital Assets" roundtable in Singapore: "I believe that DeFi will replace traditional finance, but they should coexist. Some institutions have truly adapted to DeFi, but I think more work needs to be done, especially in regulatory agencies. There needs to be relevant regulations and clear definitions of how these developers design these protocols to ensure that they can operate smoothly and attract institutional participation."