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TradFi (traditional finance)
Market structures

TradFi (traditional finance)

The existing financial system of banks, brokerages, exchanges, clearing houses, custodians, and the regulatory infrastructure around them. Used in blockchain conversations to distinguish the established system from decentralized alternatives. It's simply a shorthand for the incumbent infrastructure.

TradFi equivalent
In traditional finance...
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TradFi equivalent
This is the equivalent. TradFi is the system being compared against.
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Analogy
In everyday terms...
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Analogy
This is the equivalent. TradFi is the system being compared against.
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