Custodial

« Back to Glossary Index

The custodial crypto businesses are the ones that are in possession of their customers’ funds for the entire duration of the use of their services. It was traditionally used in relation to the crypto wallets or exchanges and offers private keys that are necessary to access a customer’s funds and are held by the service provider while they offer a login account. A custodian is responsible for holding the assets of an individual or institution safely for different purposes.

« Back to Glossary Index