Defi vs Cefi vs TradFi

Defi vs Cefi vs TradFi

DeFi stands for “Decentralized Finance”, CeFi stands for “Centralized Finance”, TradFi stands for “Traditional Finance” TradFi is what we are all familiar with: banks. We already get it. Enough said. CeFi is institutional, in the context of crypto, it would be companies like Coinbase. You link your bank account and exchange traditional money for cryptocurrency….