Definition ∞ Intermediation services involve the actions of a third party that facilitates transactions or interactions between two or more other parties. In traditional finance, this includes banks, brokers, and exchanges that connect buyers and sellers of assets. In the digital asset space, these services might be provided by centralized exchanges, custodians, or lending platforms. They simplify complex processes and often provide liquidity. These services can introduce centralization points.
Context ∞ The discussion surrounding intermediation services in the digital asset sector often highlights the tension between decentralization principles and the practical need for user-friendly access and liquidity. A key debate concerns the regulatory oversight of these centralized intermediaries, particularly regarding consumer protection and anti-money laundering measures. Future developments will likely see a continued evolution of hybrid models that combine aspects of both centralized and decentralized service provision.
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