What is Self Custody?

When a holder of digital assets takes sole possession of their wallet’s private keys instead of trusting them to a centralized exchange, they are staying in control of their digital assets aka having self custody. HootDex is decentralized for this reason, it allows members of the system to have control of their digital assets and provide a venue for security conscious digital asset holders to get many functions that they would get on a centralized exchange but on a decentralized platform and on a peer to peer basis with no third party involvement.