#TradFi (an abbreviation for the English “Traditional Finance”) in Ukraine and around the world is the familiar system of traditional finance, regulated by the state and banks.What’s Included in TradFi in UkraineBanks: PrivatBank, Oschadbank, monobank, and other licensed institutions.Services: Regular cards, cash, loans, mortgages, deposits.Government Oversight: The National Bank of Ukraine (NBU) and the laws of Ukraine.Requirements: Mandatory identity verification (passport, tax ID (IPN), verification via “Diia”).How This Term Is Used in Ukraine TodayThe word TradFi appeared as a contrast to the crypto world (DeFi — decentralized finance).In Ukraine, which is one of the leaders in crypto adoption, TradFi now means:An ordinary financial system (going to a bank branch or using a state or commercial bank app).Bridges between crypto and banks (e.g., depositing/withdrawing hryvnia from crypto exchanges using cards from Ukrainian banks).New products on exchanges: Some crypto platforms (for example, ones used by Ukrainians) add so-called TradFi instruments — the ability to trade assets from traditional markets (gold, stocks, forex currencies) directly from a crypto account.
