CeFi

By: WEEX|2024/10/21 13:39:32
0
Share
copy

CeFi, or Centralized Finance, refers to the traditional financial services surrounding cryptocurrencies, where centralized institutions, such as exchanges and lending platforms, control and manage the transactions. Unlike decentralized finance (DeFi), where smart contracts and blockchain protocols facilitate transactions without intermediaries, CeFi platforms rely on centralized entities to provide liquidity, handle user funds, and ensure compliance with regulations like KYC and AML. While CeFi offers advantages like customer support and easier access for mainstream users, it also carries risks associated with centralization, such as data breaches, hacks, or potential misuse of funds by the platform. Examples of CeFi platforms include Binance, Coinbase, and Kraken, where users can trade, lend, or borrow crypto with the assurance of centralized control.

You may also like

What is Mac Mini (MACMINI) Crypto? Is Mac Mini (MACMINI) a Good Investment?

Curious about MACMINI crypto? Learn what this Solana-based token is, its tokenomics, risks, and how to buy MACMINI on WEEX exchange. Read our honest 2026 guide.

What Is Dent (DENT)? Why Dent(DENT) is Showing Bullish Momentum?

What is Dent (DENT) crypto? Learn about the Ethereum-based mobile data token, recent price surge, and how to buy DENT on WEEX with zero fees. Complete 2026 guide.

Introducing Fabric Foundation: Complete Guide to $ROBO and Airdrop Opportunities

The Fabric Foundation is building a safe, open, and globally beneficial future for AI and robotics as intelligent machines move from software into the real world. In essence, it works to ensure that advanced machines expand human possibilities, stay aligned with human values and intentions, and deliver widespread benefits to people everywhere, rather than concentrating power or posing risks. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 Fabric Foundation airdrop before Mar. 06, 2026!

JELLYBEAN USDT World Premiere on WEEX: Jellybean (JELLYBEAN) Coin Listing Live

WEEX Exchange is thrilled to launch the world premiere listing of Jellybean (JELLYBEAN) Coin, bringing fresh opportunities for…

What is Jellybean (JELLYBEAN) Coin?

The recently launched Jellybean (JELLYBEAN) token has made its debut on the WEEX exchange, allowing users to participate…

What is Sentio (ST) Coin?

In an exciting development for crypto enthusiasts, Sentio (ST) has been newly listed on WEEX, with ST/USDT trading…

Popular coins