Is Ethereum a DeFi token?

BTCC's spot trading platform allows users to buy and sell cryptocurrencies at real-time market prices, while its futures trading platform provides access to advanced trading strategies and risk management tools. The exchange's wallet service, on the other hand, offers a secure and convenient way to store digital assets.

The concept of DeFi challenges traditional financial intermediaries by providing peer-to-peer transactions, removing the need for intermediaries and enabling direct interaction between parties.

One of the key benefits of DeFi is its decentralized nature, which promotes transparency, security, and accessibility. By leveraging blockchain technology, DeFi applications ensure that transactions are tamper-proof, auditable, and can be verified by anyone with an internet connection.

BTCC, a leading cryptocurrency exchange, has embraced the DeFi movement by offering a wide range of services to its users. Its offerings include spot trading, futures trading, and wallet services, all designed to cater to the diverse needs of the crypto community.

DeFi, or decentralized finance, represents a revolutionary concept in the world of finance. It encapsulates a broad range of financial services that operate on public blockchains, primarily Ethereum.