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Uphold Launches Vault, Users Can Recover Crypto If Private Keys Are Lost

Uphold, a leading digital asset platform for trading, staking, and custodying crypto, announced its new Vault product earlier this week. The announcement marked a significant advancement in digital asset custody, enabling Vault users to recover their digital assets without their private keys.

Vault, introduced as an assisted self-custody wallet, seeks to bridge the gap between the convenience of centralized applications and the security offered by self-custody solutions. Traditionally, crypto users faced a dilemma: the autonomy and control of self-custody, risking loss of assets due to misplaced keys, or the ease of use provided by centralized exchanges, compromising the decentralized…

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