CeFi

Definition:

The alternative to DeFi, decentralized finance. Centralised finance includes old school or trad-fi institutions like JP Morgan, Merill Lynch as well as newer centralized crypto exchanges like Binance, FTX and Kraken.

Degen Chat

“More and more transactions are becoming permissionless and being done on-chain. There will be less and less need for CeFi as time goes on.”

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