In theory, crypto custody can help prevent assets from being lost.
In the world of digital currencies, forgetting a private key can be nothing short of calamitous — without that all-important alphanumeric phrase, cryptocurrencies like Bitcoin and Ether can be lost forever.
Crypto custody solutions deliver an experience that’s more comparable to mainstream banking — just like a lost PIN code for a debit card can be replaced by a centralized authority without the funds they protect vanishing into thin air, these outfits are designed to keep large volumes of digital assets secure and insured.