Crypto Glossary

Posted on September 13, 2021 in
Glossary

Custody

Custody refers to a financial institution holding client assets to prevent them from being stolen or lost. Custodians are different from banks as they can not leverage the assets they hold to their own ends.

What is Custody?

In the cryptocurrency industry, custodial solutions are a third party that holds the private keys to the user’s funds. They are the only ones able to actually send and receive the user’s coins. Virtually all exchanges use a custodial approach since it allows them to provide a better user experience.

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We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

Zipmex Company Limited (“Company”) operates a digital assets brokerage business. In order to increase the liquidity for digital assets trading on the Company's exchange platform, the Company sends and receives trade orders from one third-party exchange which is Zipmex Pte. Ltd., our affiliated company located in Singapore. No fees or compensation is provided between the parties.