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The Difference between CeFi and DeFi

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3 years ago

October 5, 2021

Whether you are in the stock market, trading Forex, or new to cryptocurrency, you will come across a lot of terms that may sound unfamiliar such as CeFi or DeFi. Trading and Investment have their own language, and it can be difficult to learn all these new terms. However they can be quite useful if you want to keep up with the trends in the financial markets.

CeFi vs DeFi – These two acronyms might sound similar but they have different meanings.

Simply put, CeFi, which stands for Centralized Finance, is the conventional financial system of today such as Banks, Insurance, Stock Markets etc, with a central controlling authority.

Decentralized Finance, shortly known as DeFi stands for financial services that are permissionless, secure and transparent and does not require a central authority.

What other crypto slangs would you like us to talk about? Tell us in the comment section…

To learn more about crypto, visit https://earnathon.com/

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Bobby Anyadike

Bobby is a media personality and academy lead at Earnathon. He is passionate about cryptocurrency and the blockchain technology, as well as the value it drives in the present global economy. He is a freelance writer, actor and voice over artist. He enjoys cooking, singing and networking.