What is centralized finance?

Centralized Finance, or "CeFi" serves as a crucial intermediary between traditional financial systems and the decentralized world of cryptocurrencies. Unlike decentralized finance (DeFi) platforms that operate autonomously through smart contracts, CeFi platforms function as centralized entities, similar to how traditional banks or financial institutions (TradFi) function.Understood in this... source: https://cryptobriefing.com/what-is-centralized-finance/