CeFi (Centralized Finance) refers to traditional financial systems where centralized institutions, such as banks or financial intermediaries, control and facilitate financial transactions. In CeFi, these institutions act as intermediaries, managing and governing the flow of money and providing services like loans, savings accounts, and trading platforms. CeFi platforms are typically governed by rules and regulations set by central authorities.

https://www.dbm.academy/faq for more blockchain vocabulary

Like