Insurance brokerage Aon has lined up coverage for institutional clients of crypto custody tech provider Metaco.
Coinbase has revealed the details of its $255 million insurance policy for crypto held on customers' behalf.
Coinbase is exploring plans to set up its own regulated insurance company with the help of broker Aon, sources told CoinDesk.
There is less than $5 billion of global capacity to insure crypto wallets held in custody. Coinbase has secured a significant chunk of that.
Coinbase has announced it is insured against the theft or loss of bitcoin, with cover via an established broker.