-
ARS 1,087.10 (+2.32%) -
BTC 62,310.00 (+0.86%) -
PEPE <0.01 (+1.69%) -
ETH 2,888.10 (-0.68%) -
SOL 143.28 (-2.12%) -
WIF 2.90 (-4.11%) -
FLOKI <0.01 (+11.45%) -
DOGE 0.15 (-1.26%) -
BOME 0.01 (-7.79%) -
WLD 4.69 (-7.93%) -
XRP 0.50 (-1.30%) -
ENA 0.67 (-9.21%) -
RNDR 10.00 (-2.05%) -
RUNE 5.59 (-0.39%) -
BONK <0.01 (-0.47%) -
PEOPLE 0.04 (+7.73%) -
NEAR 7.05 (-1.19%) -
AEVO 0.78 (-27.50%) -
AVAX 32.65 (-0.21%) -
ICP 11.80 (-1.27%) -
ORDI 36.36 (-2.13%) -
OP 2.31 (-6.97%) -
SUI 0.90 (-3.10%) -
MATIC 0.66 (-0.59%) -
1000SATS <0.01 (-2.65%) -
ARKM 2.21 (-5.16%) -
AR 41.11 (+5.54%)
Exploring the Rise of CeFi in the Crypto Ecosystem
Published: 2023-06-08
The recent boom in the cryptocurrency industry has triggered the emergence of a new kind of financial institution, CeFi (Centralized Finance) which offers unprecedented opportunities to investors to attain higher returns on their crypto assets while keeping their risks relatively low. In this article, we will explore the rise of CeFi in the crypto ecosystem and the factors that have contributed to its popularity.
Main topics
1. What is CeFi?
2. How CeFi works?
3. The Pros and Cons of CeFi
4. Popular CeFi platforms
5. Trends in the Future of CeFi
What is CeFi? CeFi stands for centralized finance and is a type of financial institution that offers cryptocurrency loans and interest-earning accounts. Unlike DeFi (decentralized finance), CeFi is fully centralized and relies on middlemen to execute transactions.
How CeFi Works? CeFi works by using a centralized platform that offers services such as crypto-lending, high yield interest accounts and margin trading. Cryptocurrencies deposited in CeFi platforms are then used for loans or investments.
The Pros and Cons of CeFi Pros: - Easy to use and operate - Provides higher interest rates on investments - No technical knowledge is required - Better security and risk management Cons: - Centralized platform risks, causing potential vulnerability to hacking attacks - Closed loop ecosystem, where the institution holds upon the funds - Requires KYC/AML procedures
Popular CeFi Platforms There are several popular CeFi platforms, including BlockFi, Celsius Network, and Nexo. BlockFi offers loans and interest accounts, Celsius Network offers high-interest rates, and Nexo provides a one-stop-shop for crypto services.
Trends in the Future of CeFi The crypto ecosystem is constantly evolving, and the rise of CeFi is expected to continue in the future. New features such as margin trading are expected to emerge, and CeFi platforms are expected to provide more sophisticated risk management tools.
Conclusion CeFi is a new type of financial institution that enables investors to maximize their profits while keeping risks relatively low. The centralized platform is easy to use and offers high-interest rates. Despite its disadvantages such as the threat of hacking attacks, CeFi is expected to grow in the future, offering a wide array of services to its users.
Written by AI (Artificial Intelligence)
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,087.10 | 1,671,439,036.20 |
| 2 | BTC |
62,310.00 | 1,610,185,136.45 |
| 3 | PEPE |
<0.01 | 943,332,357.52 |
| 4 | ETH |
2,888.10 | 791,286,952.35 |
| 5 | SOL |
143.28 | 466,093,924.86 |
| 6 | WIF |
2.90 | 266,375,377.66 |
| 7 | FLOKI |
<0.01 | 258,260,203.11 |
| 8 | DOGE |
0.15 | 256,385,778.76 |
| 9 | BOME |
0.01 | 192,375,392.14 |
| 10 | WLD |
4.69 | 146,515,493.42 |
| 11 | XRP |
0.50 | 145,687,873.76 |
| 12 | ENA |
0.67 | 129,368,571.09 |
| 13 | RNDR |
10.00 | 97,057,620.72 |
| 14 | RUNE |
5.59 | 95,224,725.37 |
| 15 | BONK |
<0.01 | 91,279,022.90 |
| 16 | PEOPLE |
0.04 | 81,504,540.54 |
| 17 | NEAR |
7.05 | 80,709,149.61 |
| 18 | AEVO |
0.78 | 79,478,567.99 |
| 19 | AVAX |
32.65 | 48,873,551.24 |
| 20 | ICP |
11.80 | 44,873,864.96 |
| 21 | ORDI |
36.36 | 41,657,558.48 |
| 22 | OP |
2.31 | 39,541,272.54 |
| 23 | SUI |
0.90 | 37,527,459.20 |
| 24 | MATIC |
0.66 | 35,256,922.74 |
| 25 | 1000SATS |
<0.01 | 35,195,140.79 |
| 26 | ARKM |
2.21 | 33,339,758.37 |
| 27 | AR |
41.11 | 32,669,947.74 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  KP3R |
78.88 | +14.77 |
| 2 | FLOKI |
<0.01 | +11.45 |
| 3 |  CYBER |
7.89 | +8.19 |
| 4 | PEOPLE |
0.04 | +7.73 |
| 5 |  BNX |
0.98 | +6.71 |
| 6 | AR |
41.11 | +5.54 |
| 7 |  ORN |
1.34 | +5.40 |
| 8 |  WAVES |
2.38 | +4.81 |
| 9 |  CREAM |
44.48 | +4.12 |
| 10 |  TKO |
0.40 | +4.08 |
| 11 |  TAO |
352.60 | +3.16 |
| 12 |  MBL |
<0.01 | +2.68 |
| 13 |  CVP |
0.35 | +2.67 |
| 14 |  GAL |
3.24 | +2.54 |
| 15 |  ILV |
80.27 | +2.40 |
| 16 |  BETA |
0.06 | +2.32 |
| 17 |  XNO |
1.07 | +2.20 |
| 18 |  OGN |
0.13 | +2.12 |
| 19 |  BICO |
0.43 | +1.81 |
| 20 |  FOR |
0.02 | +1.72 |
| 21 | PEPE |
<0.01 | +1.69 |
| 22 |  VITE |
0.02 | +1.55 |
| 23 |  FIO |
0.03 | +1.45 |
| 24 |  AXL |
0.96 | +1.43 |
| 25 |  FUN |
<0.01 | +1.38 |
| 26 |  ASR |
3.71 | +1.31 |
| 27 |  WRX |
0.20 | +1.26 |
| 28 |  DCR |
18.10 | +1.17 |
| 29 |  ADX |
0.19 | +1.13 |
| 30 |  ALPINE |
1.71 | +1.12 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | AEVO |
0.78 | -27.50 |
| 2 |  LSK |
1.77 | -11.23 |
| 3 |  NTRN |
0.59 | -9.29 |
| 4 |  OMNI |
13.49 | -9.28 |
| 5 | ENA |
0.67 | -9.21 |
| 6 |  AI |
1.00 | -8.60 |
| 7 |  UMA |
3.51 | -8.44 |
| 8 |  CHR |
0.27 | -8.00 |
| 9 | WLD |
4.69 | -7.93 |
| 10 |  ARK |
0.78 | -7.90 |
| 11 | BOME |
0.01 | -7.79 |
| 12 |  ACE |
4.40 | -7.35 |
| 13 |  CFX |
0.19 | -7.04 |
| 14 | OP |
2.31 | -6.97 |
| 15 |  RARE |
0.12 | -6.76 |
| 16 |  GLMR |
0.25 | -6.65 |
| 17 |  CITY |
3.12 | -6.63 |
| 18 |  TIA |
8.04 | -6.62 |
| 19 |  AMP |
<0.01 | -6.54 |
| 20 |  LDO |
1.57 | -6.38 |
| 21 |  SAGA |
2.14 | -6.26 |
| 22 |  XAI |
0.57 | -6.14 |
| 23 |  OM |
0.67 | -6.02 |
| 24 |  TNSR |
0.77 | -5.86 |
| 25 |  MAV |
0.33 | -5.83 |
| 26 |  PIXEL |
0.33 | -5.76 |
| 27 |  XVG |
<0.01 | -5.67 |
| 28 |  MEME |
0.02 | -5.67 |
| 29 |  STX |
1.88 | -5.58 |
| 30 |  BEAMX |
0.02 | -5.49 |
Bitcoin's Greed and Fear Index.
?64
Greed
Global CryptoCurrency News
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Core CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 2 | Core Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 3 | CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 4 | CPI y/y | Wednesday | 15-05-2024 | 13:30 |
| 5 | Empire State Manufacturing Index | Wednesday | 15-05-2024 | 13:30 |
| 6 | Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 7 | Business Inventories m/m | Wednesday | 15-05-2024 | 15:00 |
| 8 | NAHB Housing Market Index | Wednesday | 15-05-2024 | 15:00 |
| 9 | Mortgage Delinquencies | Wednesday | 15-05-2024 | 15:10 |
| 10 | Crude Oil Inventories | Wednesday | 15-05-2024 | 15:30 |
| 11 | FOMC Member Bowman Speaks | Wednesday | 15-05-2024 | 20:20 |
| 12 | TIC Long-Term Purchases | Wednesday | 15-05-2024 | 21:00 |
| 13 | Unemployment Claims | Thursday | 16-05-2024 | 13:30 |
| 14 | Building Permits | Thursday | 16-05-2024 | 13:30 |
| 15 | Philly Fed Manufacturing Index | Thursday | 16-05-2024 | 13:30 |
| 16 | Housing Starts | Thursday | 16-05-2024 | 13:30 |
| 17 | Import Prices m/m | Thursday | 16-05-2024 | 13:30 |
| 18 | Industrial Production m/m | Thursday | 16-05-2024 | 14:15 |
| 19 | Capacity Utilization Rate | Thursday | 16-05-2024 | 14:15 |
| 20 | FOMC Member Barr Speaks | Thursday | 16-05-2024 | 15:00 |
| 21 | Natural Gas Storage | Thursday | 16-05-2024 | 15:30 |
| 22 | FOMC Member Mester Speaks | Thursday | 16-05-2024 | 17:00 |
| 23 | FOMC Member Bostic Speaks | Thursday | 16-05-2024 | 20:50 |
| 24 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 25 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 26 | FOMC Member Daly Speaks | Friday | 17-05-2024 | 17:15 |
| 27 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
