As the digital assets market has developed cryptocurrency products that comply with regulations and attract users, it is beginning to look more like the centralized banking world, the note said. At the same time, traditional finance (TradFi) is rapidly launching crypto products to offer transaction-based services and other related offerings for their clients.
Source: https://www.coindesk.com/business/2022/10/12/morgan-stanley-says-crypto-ecosystem-is-becoming-less-decentralized/?utm_medium=referral&utm_source=rss&utm_campaign=headlines