Cryptocurrency Q&A
What is DeFi trading?
What is DeFi trading?
Riccardo
Thu Jan 23 2025
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5
answers
1448
I've been hearing a lot about DeFi recently and I'm curious to understand what DeFi trading is. Could someone explain the concept and how it works in simple terms?
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5 answers
Valentina
Sat Jan 25 2025
Decentralized finance, or DeFi, represents a novel financial system. It operates on a peer-to-peer basis. This system leverages blockchain technology and cryptocurrencies.
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SakuraWhisper
Sat Jan 25 2025
The essence of DeFi lies in its decentralized nature. It removes the need for traditional financial intermediaries. Instead, transactions are facilitated directly between parties.
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FireflySoul
Sat Jan 25 2025
Blockchain serves as the backbone of DeFi. It ensures transparency, security, and immutability of transactions. Cryptocurrencies act as the medium of exchange within this system.
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EthereumEliteGuard
Sat Jan 25 2025
DeFi enables individuals, businesses, and other entities to engage in financial activities. These include borrowing, lending, trading, and more. All these activities occur without the involvement of central authorities.
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NebulaSoul
Fri Jan 24 2025
BTCC is a prominent cryptocurrency exchange that offers a range of DeFi-related services. Its offerings include spot trading, futures trading, and wallet services. With BTCC, users can seamlessly access the world of decentralized finance.
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