#TradeFiRevolution

TradFi refers to traditional financial institutions and fintech companies that operate within the current mainstream financial system. These service providers are heavily centralized and regulated by governments and are primarily brick-and-mortar companies that have been providing banking and financial services for decades. They also typically carry high barriers to entry and stringent KYC and AML processes.

TradFi includes everything from banks to hedge funds and brokerages. Examples of TradFi platforms include JPMorgan Chase and Goldman Sachs (banks), as well as fintech companies like PayPal, Square, and SoFi. All of these platforms execute financial transactions in a centralized and controlled manner.