Defexa, a platform connecting fiat and cryptocurrency ecosystems, has announced a significant shift in its business operations to focus on memecoins.

The company aims to become the bridge between traditional financial (TradFi) systems and decentralised finance (DeFi) by transforming its cryptocurrency wallet service into a comprehensive banking solution for memecoin enthusiasts.

This strategic pivot positions Defexa as the world's first memecoin bank, reflecting its response to the evolving demands of the cryptocurrency market and catering to a growing segment of investors interested in memecoins.

Defexa's move underscores the dynamic and rapidly changing landscape of the crypto industry, emphasising the importance of innovation and adaptability to remain relevant.