Decentralized and Traditional Finance: Bridging the Gap for Mainstream Adoption
Dubai, UAE, 9th August 2024, The rise of Decentralized Finance (DeFi) has marked a pivotal moment in the evolution of not just the crypto industry but the financial sector as a whole. DeFi’s capacity to deliver financial services to individuals worldwide while eliminating intermediaries and presenting new opportunities to users globally has been significant. Meanwhile, Traditional Finance (TradFi) continues to maintain its dominance while also showing interest in exploring DeFi’s capabilities. Let’s explore how these two industries continue to bond with each other, opening a path for mainstream crypto adoption.
TradFi vs. DeFi
TradFi is a term used to describe traditional financial institutions and systems, like banks, stock exchanges, insurance companies, and other regulated entities. ...