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.
Related Terms
Portfolio
A portfolio consists all of your current crypto holdings in one place.
Dutch Auction
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price.
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
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