Custodial vs. Non-Custodial NFTs: What’s the Difference?

As the DeFi ecosystem grows, NFTs are becoming increasingly popular. When trading or holding NFTs or other crypto assets, there’s a choice between using either custodial services or non-custodial services. A custodial service owns the private key to your wallet and holds your assets in custody. The Binance NFT Marketplace is an example of a custodial NFT platform that you can log into with a registered account.