#postontradfi TradFi stands for Traditional Finance. It refers to the conventional financial system that includes banks, stock exchanges, insurance companies, brokers, and government-regulated financial institutions. �

CoinMarketCap +1

Examples of TradFi services:

Bank accounts

Credit cards

Loans and mortgages

Stock trading

Insurance

Foreign exchange (Forex)

TradFi works through centralized institutions and strict regulations, unlike DeFi (Decentralized Finance) which uses blockchain and smart contracts. �

Webopedia +1

TradFi vs DeFi

Feature

TradFi

DeFi

Control

Banks & institutions

Smart contracts/blockchain

Regulation

Government regulated