PANews July 5 news, according to CNBC, cryptocurrency project founders, developers, and some Wall Street institutions gathered at the Ethereum Community Conference (EthCC) in Cannes, France. Now, institutional adoption of Ethereum is accelerating, with BlackRock, Deutsche Bank, Coinbase, and Kraken all building directly on its platform.
Ethereum co-founder Vitalik Buterin stated in an interview with CNBC that people think institutional investors only care about scale and speed — but in practice, the opposite is true. Many institutions express that they value Ethereum because it is stable, reliable, and not prone to outages. They hope that future generations will look back and see a truly open, free, and permissionless network for the public. Tomasz Stańczak, the new co-executive director of the Ethereum Foundation, added that the core reasons for institutions choosing Ethereum are the same; Ethereum has not stopped for a moment in the past decade. When institutions send orders to the market, they want to ensure their orders are treated fairly, with no one having preference, and trades are executed at the time of delivery. As stablecoins and tokenized assets become mainstream, these assurances will become increasingly valuable.
