CeFi is making the DeFi jump. Will it work?


17 Nov 2023 3:44 PM

CeFi’s share of crypto funding has fallen since its 2021 heyday, and the platforms are increasingly adopting features popular in DeFi....

  • CeFi's share of crypto venture funds has significantly decreased since 2021, receiving less than 7% of funds from July to October.
  • Centralized exchanges are adopting features commonly found in decentralized finance (DeFi) platforms.
  • The decline in CeFi funding may be due to firms already acquiring sufficient funding in previous rounds.
  • Trading on centralized exchanges has decreased while decentralized exchanges have seen an increase in trading volume.
  • Centralized platforms are focusing on building all-in-one crypto apps and exploring layer-2 solutions.
  • The pivot towards DeFi by CeFi platforms may be driven by a need for liquidity and cross-selling opportunities.

The article highlights a decline in CeFi funding and trading volume on centralized exchanges, while also discussing the adoption of DeFi features and the development of all-in-one crypto apps and layer-2 solutions. The sentiment is neutral, providing information without expressing a clear positive or negative opinion.

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You May Ask

What percentage of crypto venture funds did CeFi receive from July to October?Why are centralized exchanges adopting features from decentralized finance?What factors may have contributed to the decline in CeFi funding?How has trading volume shifted between centralized and decentralized exchanges?What are some examples of centralized exchanges' efforts to build all-in-one crypto apps and explore layer-2 solutions?

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