If we observe, we will find a striking difference between Traditional Finance (TradFi), Decentralized Finance (DeFi) and Centralized Finance (CeFi).
TradFi is a financial system and product from traditional institutions such as banks and non-bank financial institutions and investment companies. How TradFi works is also regulated by the government and central bank.
DeFi operates on a blockchain that implements smart contracts so that users do not have to comply with strict rules, such as KYC and AML
CeFi also offers services like DeFi, but users must access through a centralized exchange and comply with all regulations and verify personal data, so CeFi is more similar to TradFi. What do you think?
TradFi is a financial system and product from traditional institutions such as banks and non-bank financial institutions and investment companies. How TradFi works is also regulated by the government and central bank.
DeFi operates on a blockchain that implements smart contracts so that users do not have to comply with strict rules, such as KYC and AML
CeFi also offers services like DeFi, but users must access through a centralized exchange and comply with all regulations and verify personal data, so CeFi is more similar to TradFi. What do you think?
