Definition ∞ Intermediated Contexts refer to situations where transactions or interactions occur through a third-party service provider or platform. In these contexts, an intermediary facilitates the exchange, often providing services like custody, matching orders, or processing payments. Traditional financial systems operate almost entirely within intermediated contexts. These structures often involve regulatory oversight and established legal frameworks.
Context ∞ The digital asset space often contrasts with Intermediated Contexts by offering direct, peer-to-peer transactions without a central authority. However, many crypto users still rely on centralized exchanges and custodians, placing them within intermediated contexts. News frequently highlights the risks and benefits associated with both intermediated and non-intermediated approaches in the digital asset ecosystem, particularly concerning security and control.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
