The Core Concepts of DeFi Explained

Blockchain and cryptocurrency are the core technologies that enable decentralized finance. Blockchains make little sense for applications other than the trustless exchange of digital assets with value, as their primary use case is to resolve financial sovereignty and eliminate counterparty risks such as bankruptcy, unavailability, fraud, and hacking. Nonetheless, cryptocurrency exchanges have long veered away from decentralization by forcing users to trust their centralized custodial services.

Custodial Exchange Services