The "De" in DeFi stands for "decentralized" and when you give up custody of your coins that to me is the threshold upon which, once crossed, you enter CeFi. Don't get me wrong. I'm down with these companies doing what they're doing and use BlockFi myself, but to call them DeFi, to me, seems a little disingenuous.

Fully agree to the above.

Will you be able to explain what is TradFi in simple terms?

Thanks!