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Happy Monday Onrampers! @wendy_mfox bringing you your daily dose of crypto with #OnrampWordOfTheDay sponsored by #Onramptionary

Today’s word: Centralized Exchange
While our current business model focuses on the RIA space, we recognize the need for the widespread adoption of cryptoassets because, as adoption among the general public grows, so will the need for RIAs to fall in line
According to a recent blog post by @chainalysis, global adoption of the cryptoasset ecosystem has increased 881% over the last year.

The DeFi movement has been a huge contributor to this, but centralized services (like exchanges) have helped as well
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