BitGo Offering $100 Million in Crypto Insurance Through Lloyd’s of London
BitGo is providing $100 million of cover against theft of digital assets or the loss of cryptographic keys via Lloyd’s of London.
BitGo customers can now boost their insurance limits beyond $100 million to cover the loss or destruction of crypto stored in special vaults.
The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.
Crypto.com has gathered a record-breaking $360 million worth of insurance to cover the potential loss of coins stored in special offline vaults.
Coinbase has revealed the details of its $255 million insurance policy for crypto held on customers' behalf.
An underwriter of BitGo’s $100 million crypto insurance policy says the custodian described it in a misleading way.