BitGo Will Offer Crypto Insurance Through Lloyd’s of London

in #bitcoin • 6 years ago

One solution to resolve the ongoing theft and loss of digital assets on crypto exchanges is to, yep, that’s right, be insured. BitGo is offering a service to do just that.

BitGo is one of the world largest cryptocurrency exchanges and is backed by Goldman Sachs. BitGo at times processes over 15% of Bitcoin (BTC) transactions The exchange is also backed by crypto bull Mike Novogratz. They have now announced an insurance protection strategy for digital assets that is held in their custody. Working with Lloyd’s of London, assets that are held by BitGo are insured up to $100 million.

For more information please visit: https://bitfudge.com/20190220-bitgo-will-offer-crypto-insurance-through-lloyds/

#insurance #cryptocurrency #bitgo #exchange
6 years ago in #bitcoin by
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