CeFi, short for Centralized Finance, is the opposite of DeFi, Decentralized Finance. Actually, the concept of CeFi has been used in the traditional financial system for a long time, but it is only in recent days that it is created as CeFi to define all existing mainstream financial systems, such as banks, stock exchanges, and various financial institutions. Specifically, the concept can even be traced back thousands of years ago when the bankers in Florence, Italy in the 15th century began to use this concept. So, it has been applied for hundreds of years.
The concept of CeFi, representing the existing centralized financial systems, is created to distinguish itself from the term of DeFi.
1/29/2023, 4:03:53 AM