Custodial

      Derived from the word custody; “Custodial” means to be responsible for or providing protective supervision and guardianship. 

      In the cryptocurrency and digital asset industry, financial services come in 2 variations custodial and non-custodial. Custodial services require its users to give up ownership of their assets and hold them on behalf of the users. The benfits of custodial services are the ease of management (managing cryptoassets is know to be tedious) and some form of insurance against the loss of those assets. 

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