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Redirected from: third-party cryptocurrency storage

Definition: crypto custody

(CRYPTOcurrency custody) Third-party storage of cryptocurrencies. Crypto custody is a solution for hedge funds and institutional investors. The third party may use the same hot or cold storage methods that an individual uses; however, they are responsible for huge sums of money and must keep the private keys that unlock the transactions in an extremely secure location. See cryptocurrency and crypto wallet.