As crypto continues to cement itself into our financial system, the question of custody, or how individuals and entities should hold their assets, is becoming increasingly important. This is especially true following the fallout of multiple centralized platforms last year, such as FTX and Gemini, which caused many investors to lose their crypto holdings.
The ethos of crypto is decentralization and ownership. Because third parties are effectively cut out, individuals have direct control over their funds. They don’t need to trust middlemen, such as banks or other centralized financial entities, to properly manage their assets.