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Custody

By Cryptomcmillan1 | Updated on May 24, 2020
In the context of cryptocurrency, a "custodial" asset means an asset is placed under the care of a third party. This is similar to how banks have custody over their customer's funds. A Custodial Wallet refers to a wallet whose private key management falls under the care of a company. Examples of Custodial wallets include Coinbase, Nexo and other wallets where users do not have access to their private keys.

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Related Terms

Sell wall
Anomalously large sell order(s) at a single price point that reflects as a "wall" in the order book.
Cryptography
A discipline or field of study which practices using cryptography to convert human-readable information that can only be deciphered by individuals who have the knowledge to.
Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
Immutable
A property characterized by inability to be change and stays unchanged over time.
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