Cryptocurrency Insurance: More Companies Join The Bandwagon.

The rise of theft, fraud, and hacking associated with bitcoin trading has pushed insurance firms to offer insurance packages to investors in the digital currency space. Several insurers have decided to venture into offering insurance covers for different companies dealing with cryptocurrency.

The risks involved are quite high, but the market is ripe for insurance firms to offer their services. For instance, last week on Friday Coincheck ,a company in Tokyo was the recent victim of hacking with coins worth $534 million being stolen. Such incidence will be a thing of the past with insurance industry offering covers for digital trading companies.