The phrase “crypto custody” refers to the procedure of safeguarding assets from theft. Custodians, who may be hired to care after your crypto for you, operate as stewards of your funds, whether they are in the form of cash, stocks, gold bars, or virtual assets.
Conclusion
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Crypto custody banks are institutions that hold your crypto assets in a secure and compliant manner. They provide the same services that traditional banks do, but with cryptocurrency. Reference: crypto custody banks.
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