DeFi vs. CeFi: What's the Difference Between Decentralized and Centralized Finance?

The crypto ecosystem is composed of both centralized and decentralized finance, two segments that offer various financial products and services. This guide will compare CeFi vs. DeFi and highlights their respective opportunities and drawbacks. On the surface, centralized finance (CeFi) is similar to traditional finance (TradFi) since a user deals with trusted intermediaries. However, the two aren't the same. ...