Centralized Finance (CeFi)

Traditional financial systems and services that are controlled and regulated by centralized authorities, such as governments, banks, and other financial institutions.

What You Need To Know

CeFi plays a crucial role in connecting traditional financial systems with the emerging blockchain ecosystem. It provides a gateway for users to access cryptocurrencies while offering the convenience and security of centralized platforms. However, it contrasts with DeFi's decentralized ethos by relying on intermediaries, making it more suitable for those seeking simplicity over complete control of their assets.