mia_anderson_painter
Wed Jul 17 2024
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7 answers
1722
What is the difference between a third-party custodian and a crypto exchange?
Could you elaborate on the key differences between a third-party custodian and a crypto exchange? I'm particularly interested in understanding the roles they play in safeguarding digital assets, the level of security they provide, and how users interact with these platforms. Does a custodian specialize in storage while an exchange focuses on trading? Or are there overlapping functions? Furthermore, how do the regulatory frameworks surrounding these entities differ, and what implications do they have for users' asset security? Clarifying these distinctions would greatly aid my understanding of the cryptocurrency landscape.
