Cryptocurrency Q&A Is DeFi a bank?

Is DeFi a bank?

HanjiHandiwork Sun Jul 28 2024 | 5 answers 756

Could you please elaborate on whether DeFi, or Decentralized Finance, can be considered a bank in the traditional sense? Are the functions and services offered by DeFi platforms akin to those of traditional banking institutions? What are the key differences, if any, between DeFi and traditional banking, and how do these differences impact users and the overall financial ecosystem? Is DeFi a bank?

Is DeFi a bank?

defi bank question.

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