DoesLooping offer custodial services for users’ funds and assets stored on its platform ?
No, Loopring does not offer custodial services for users’ funds and assets stored on its platform.
Instead, Loopring uses a decentralized exchange protocol that allows users to trade their assets directly from their own wallets. This means that users maintain full control over their funds and assets at all times, without having to trust a third-party custodian. The Loopring protocol also provides enhanced security features such as ring-matching and order-sharing, which further protect users’ funds and assets from malicious actors.
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