Custody Services for Digital Assets have been quite restricted despite the number of crypto-related companies increasing rapidly. Why are custody services needed for cryptocurrencies Cryptocurrencies such as Bitcoin have a unique feature that is self custody. Traditional financial systems do not have such a feature and have to depend on intermediaries. Bitcoin can use this to gain an edge over the conventional financial system. Regardless of the type of financial system, custodial solutions are essential for financial markets. However, custodial solutions have been limited to Bitcoin. Custodial solutions are mainly needed by institutional investors that need to reduce risk. By
