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Bell Curve
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The Role of CFI in the Next Market
There are three groups in traditional markets that perform different actions, right? You have the exchange, which is like brings together the buyers and the sellers. Then you have the broker dealers who represent the customer and bring the trades from the customer to the exchange. And then you have the clearing house, which settles the trades and sometimes custodians as well. Let's translate that to DeFi exchange, Uniswap, broker, MetaMask, clearing agency, Ethereum. It just makes me think about what is the role of CFI in the next market? Is this just a stopping point on the way to the inevitable?
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