Was ist Counterparty risk?
The risk that the other side of an arrangement fails to deliver — an exchange, a custodian, a lender.
Bitcoin held in self-custody has no counterparty risk by construction. Every other arrangement reintroduces it, in exchange for convenience, yield or regulatory access.
The repeated pattern of exchange and lender failures is not evidence that custody is always wrong. It is evidence that counterparty risk is real and is routinely priced at zero by people who should know better.
Verwandte Begriffe
Custodial
An arrangement where a third party holds the keys and you hold a claim against them.
Keys & custodyNot your keys, not your coins
The maxim that coins held by a third party are that party's coins and your claim against them.
MärkteSpot Bitcoin ETF
An exchange-traded fund holding bitcoin directly, giving regulated exposure without the holder ever touching…
Diese Definition ist Teil des Bitcoin-Logical-Glossars. Für die ausführliche Erklärung beginnen Sie mit Lernen, oder sehen Sie die Live-Zahlen auf Das Bitcoin-Signal.