What is Crypto CeFi?

Crypto centralized finance, or "CEFI," refers to centralized financial systems or platforms in the cryptocurrency industry, meaning that a single entity or organization controls them. These platforms may offer various financial services, such as lending, borrowing, trading, and payment processing, and they may operate similarly to traditional financial institutions. Governments or financial regulatory bodies may regulate CEFI platforms and offer features such as Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. However, because they are centralized, they may also…