BitGo Allows Customers to Extend Crypto Insurance Cover Over $100M
BitGo customers can now boost their insurance limits beyond $100 million to cover the loss or destruction of crypto stored in special vaults.
Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors.
CoinShares, Nomura Bank and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors.
The addition expands BitGo’s proof-of-stake offerings, first unveiled last October.
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios.
Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts.
In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law.