Offramp

A service or platform that allows users to convert their digital assets into fiat currency or other traditional financial assets. Offramps provide a way for individuals and businesses to exit the cryptocurrency ecosystem and access conventional banking and financial systems. These services typically include cryptocurrency exchanges, payment processors, and brokerage services that facilitate the selling of cryptocurrencies for fiat money, which can then be deposited into bank accounts or used for everyday transactions. Offramps are essential for providing liquidity and enabling the practical use of cryptocurrency holdings in the traditional economy.