Crypto Insurance a Promising Sector in Crypto Space
Insurance is subject matter of solicitation is one of the most famous slogan of LIC India. In fact Insurance is must have thing that everybody must take to protect our life and our family. there is almost everything that we can cover under insurance then why not our crypto asset. Crypto Exchange plays two very important role one is provide trading platform to user and other is secure the fund of the user. Crypto Exchanges are main targets of hacker. we have seen Hack of Binance Exchange one of the most promising exchange of crypto space. As of now current capital market of cryptocurrency is around 200 Billion Dollar which is garbing the attention of insurance company around the globe.
One of the major Insurance provider in UK ''LIoyds of London'' partnered with Coinbase to provide $255 million Dollar Policy. In Crypto Space apart from Coninbase other crypto exchanges also took Insurance Policy from Gemini, Kingdom Trust etc. In study it is found that in year 2016 crypto asset worth 4 billion stolen so we can understand importance of Insurance in Crypto Space.
It is good to see that crypto exchange who works as custodian of user asset are more conscious about funds safety and security. it is good to trade on crypto exchange that have insurance policy. It is good to use decentralize exchange, as of now there are only few decentralize exchanges in crypto space and not popular like Binance. I hope in future number of decentralize will increase, what you think about my opinion in this post let me know in comment.
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