Why the Convergence Of DeFi and TradFi Is Inevitable

In 1994, Microsoft founder Bill Gates declared, “Banking is necessary. Banks are not,” when discussing the future of technology and finance. Few listened at the time. Today, it looks prescient.  By 2025, digital asset firms such as Binance, Aave, Compound, and PrimeXBT have begun operating like banks, bridging traditional and decentralized finance. The Bridge Is Under Construction The earliest adherents of DeFi hoped it might one day supplant TradFi and emerge as the foundation of a newer, more equitable economy, but very few believe that’s still possible. Convergence appears to be the dominant path forward and is already well

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