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CeFi’s new expansion into crypto is largely a U.S.-driven phenomenon.From Robinhood’s perps to Coinbase–Morpho lending, U.S. firms are building around crypto rails—not replacing them.This report breaks down the 4 ways TradFi is entering crypto 👇Kinji Steimetz (@SteimetzKinji):1/ CeFi is coming onchainKey takeaways from my latest @MessariCrypto Pro reportCoinbase, Robinhood, and others are launching crypto-native products.One of the biggest shifts? Perpetuals.Here’s why that matters (and why it’s not bad for ...