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Digital Asset Insurance - BitG

  1. BitGo Business Wallet clients will be able to purchase key recovery service (KRS) insurance and additional insurance for their self-custody keys through third-party company Digital Asset Services. As of May 2021, over $600 million excess insurance has been put in place for specific BitGo clients
  2. BitGo Launches Comprehensive Insurance Offerings. PALO ALTO, CA, May 13, 2019 - BitGo, the market leader in digital asset financial services, today announced the industry's most comprehensive insurance protections for cryptocurrencies and digital assets held in their Business Wallet and Custody offerings. The key features of the cover are: Custodial assets held by either BitGo, Inc., or.
  3. In 2019, BitGo innovated the digital asset insurance marketplace by offering a comprehensive and transparent insurance protection up to $100M at no additional cost to all BitGo Custody clients. BitGo partnered with insurance brokers Woodruff Sawyer. and Paragon International Insurance Brokers of London
  4. In 2019, BitGo introduced the most comprehensive insurance protections for digital assets which included $100 million USD for assets held in BitGo Custody through the world's specialist insurance and reinsurance market based in London. Now BitGo is the the first digital asset custodian to offer clients the ability to purchase their own dedicated excess limits above BitGo's $100 million.

BitGo introduced its crypto-insurance program via global insurance and reinsurance market Lloyd's of London in 2019. The strategy enabled BitGo customers to get insurance for their digital assets that are held on BitGo's Business Wallet service and Custodial offering for nearly $100 million BitGo Offering $100 Million in Crypto Insurance Through Lloyd's of London Crypto security company BitGo is making good on plans to facilitate insurance for digital assets by providing $100 million..

About - BitG

Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd's of London in 2019. This enabled BitGo clients to acquire insurance for their digital assets held on BitGo's Business. BitGo Insurance Assets held in BitGo's qualified custody at BitGo Trust are covered by BitGo's $100 million policy when all private keys are held by BitGo Trust or BitGo, Inc. Assets are covered in the event of BitGo Adds $600M in Insurance Capacity to Comfort Big-Time Bitcoin Holders BitGo has placed over $700 million in insurance coverage for large amounts of cryptocurrency held at arm's length from the..

BitGo Secures Over $700M of Cold Storage Insurance Capacit

BitGo came out with a Lloyd's-backed cold storage insurance product in February 2019 and is now allowing customers to extend the $100 million worth of cover to suit their needs. It's a sign of. Safeguard your digital assets with our qualified, insured cold storage custody at BitGo Trust Company—a regulated Trust Company under the Division of Banking in South Dakota. Cold storage assets are held in segregated accounts, insured and secured by BitGo's battle-tested and peer-reviewed multi-signature security. Clients receive quarterly account statements and risk assessments. BitGo Trust is regularly audited by a governing body and required to meet rigorous standards for. Insurance provides protection for custodial assets for up to $100 million. Support for the assets you care about BitGo supports a wide variety of digital assets across our entire platform through custody, Prime, trade, and portfolio & tax All of BitGo's paying customers are eligible for the new policy, which is protection from Bitcoin theft up to $250,000 just by signing up for Bitgos services. Customers are able to increase the amount of protection they have against Bitcoin theft for a 1 percent annual fee BitGo Inc., which provides custodian services on more than $2 billion in digital assets, said it has obtained a policy of as much as $100 million through Lloyd's insurance marketplace that.

BitGo partnered with insurance brokers Woodruff Sawyer. and Paragon International Insurance Brokers of London. It's very exciting that we were able to expand this program to accommodate the needs of BitGo's clients, said Jacob Decker, Vice President, Director of Financial Institutions at Woodruff Sawyer. As we see more institutional clients coming into crypto, it's vital that we. BitGo Custody Insurance. The $100 million of insurance covers digital assets where the offline private keys are held 100% by BitGo, Inc. or BitGo Trust Company in the event of: Third-party hacks or theft of private keys; Insider theft by employees of private keys; Physical loss or damage to private keys; There is no additional cost to BitGo clients BitGo's digital asset insurance, which is sourced from Lloyd's of London market, launched in 2019 Digital asset custodian BitGo has secured $700 million in insurance coverage for digital assets custodied in cold storage, the firm announced Wednesday. The Silicon Valley-based company expanded its cold storage insurance program by $600 million Specifically, BitGo previously rolled out its crypto-insurance program via international insurance and reinsurance market Lloyd's of London two years ago. This made it possible for BitGo customers to get their crypto assets - kept on BitGo's Business Wallet service and Custodial offering - insured for a maximum amount of $100 million

As noted above, BitGo was one of the first companies to secure insurance coverage for digital assets, which required working with underwriters to educate them about the risks. Because cryptocurrency assets like bitcoin are bearer instruments, loss or theft of them at any point in the transfer or custody presents a significant risk In the words of Kris Marszalek, the co-founder, and CEO of Crypto.com: BitGo carries a robust insurance program, elevating the scope of protection for our digital assets in their custody and providing further assurance to our customers that their funds are safe and protected. Cold and Hot wallets. There is one point to note, however, about the new program. The $100 million. Underwriter Claims Crypto Custodian BitGo Exaggerated Insurance Coverage One of the underwriters behind BitGo's $100 million cryptocurrency insurance policy has accused the custodian of..

BitGo Expands Cryptocurrency Insurance to Cover At Least

BitGo, a leader in Bitcoin security, announced Tuesday it had secured first-of-its-kind insurance coverage for bitcoin theft from the global, A-rated XL Group insurance companies. With this announcement, BitGo joins the list of industry leaders including Xapo and Coinbase that offer insurance for bitcoin stored using their services Tangany Is the Better Bitgo Alternative. Learn More About Our Products & Services BitGo Expands its Crypto Insurance Program to $700 Million. The famous crypto and digital asset firm BitGo has recently expanded its crypto-insurance cover by $600 million. This big announcement came on Wednesday, April 21, 2021. This recent adjustment was made to suit large financial institutions that store their crypto assets in with the company BitGo, the digital asset custodian that expanded to other business areas, has bought an insurance cover of more than $700 million to protect its crypto holdings from any kind of external threats. Announced on Wednesday, the crypto custodian company has added more than $600 million to its already existing $100 cover, which it bought in 2019 BitGo is a digital asset custody firm. It is planning an expansion in its insurance program by raising its capacity to $600 million. It made a debut Crypto insurance program through Lloyd's of the London, which is the global insurance along with reinsurance market in the year 2019

BitGo expands crypto insurance to cover over $700M. Institutional clients have shown strong demand for airtight and insured custody options. Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto insurance program through global insurance and. Insurance will cover even lost keys. The insurance coverage being offered is for crypto assets up to $100 million that are held by BitGo. Clients that make use of BitGo'a business wallet feature will be able to purchase theft insurance and Lost Key Cover from Lloyds of London's Digital Asset Services

BitGo Offering $100 Million in Crypto Insurance Through

  1. BitGo first launched its crypto insurance program through the global insurance and reinsurance market Lloyd's of London in 2019. This allowed BitGo customers to insure their digital assets with the BitGos business wallet and custodian offering of up to $ 100 million. BitGo announced on Wednesday that its special additional customer insurance program has been expanded to include more.
  2. BitGo Announces Comprehensive Insurance Protections for Digital Assets Custodial assets held by either BitGo, Inc., or BitGo Trust Company are insured for up to $100 million USD through... BitGo Business Wallet clients will be able to purchase theft insurance and Lost Key Cover, a key recovery.
  3. In the first months of 2019, BitGo has made two important advances providing evidence of our commitment to being the leading digital asset financial services firm. In January, we secured the most comprehensive insurance policy for digital assets covering $100 million in losses for funds held in cold storage, a set of corporate insurance policies including D&O, E&O, and Cyber Theft, and.
  4. BitGo is a digital asset trust company and security company, headquartered in Palo Alto, California.It was founded in 2013 by Mike Belshe and Ben Davenport. Galaxy Digital announced its acquisition of BitGo in 2021 for $1.2 billion. The company offers a multisignature bitcoin wallet service, where keys are divided among a number of owners to manage risk
  5. BitGo unveiled its 2019 crypto insurance program across the global insurance and reinsurance market, Lloyd's of London. This enabled BitGo customers to take out insurance for their digital assets, which are held through BitGo's business wallet service and custody account for up to $ 100 million. BitGo announced on Wednesday that its Dedicated Customer Excess Specie insurance program has.
Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets

BitGo expands crypto insurance to cover over $700M

BitGo, a digital asset financial services provider, announced earlier this week it has surpassed $700M of total Crime/Excess Specie insurance capacity.The company reported that in 2020, it claims. BitGo has insurance of 100 mUSD on the assets, which are managed via BitGo. Let's look on this in detail: Nexo says it has 100 mUSD assets insured. However, this insurance is not per BitGo client, but for all BitGo clients. If for example, the BitGo client A is getting hacked for 30 mUSD, and let's assume after that client B is getting hacked for 120 mUSD the next day, then client B will. BitG.

Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd's of London in 2019. This enabled BitGo clients to acquire insurance for their digital assets held on BitGo's Business Wallet service and Custodial offering for up. BitGo's insurance coverage for its users' bitcoin funds may not be applicable in this case, as the company believes that there were no shortcomings from their part. However, by taking down the post announcing BitGo's insurance coverage for Bitcoin theft has raised doubts about the company's commitment to its customers. Early last year, BitGo partnered wit BitGo expands crypto insurance to cover over $700M. Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted.

Service Providers - BitG

BitGo Insurance. The insurance will include custodial assets held in BitGo business wallets or in its qualified custodian arm, BitGo Trust Company and will be covered against third-party hacks or the theft of private keys; insider theft by employees of private keys; and physical loss or damage of private keys, the company said. Last year, BitGo stated that it was looking to secure insurance. This enabled BitGo clients to acquire insurance for their digital assets held on BitGo's Business Wallet service and Custodial offering for up to $100 million. BitGo announced Wednesday that its Dedicated Customer Excess Specie insurance program has been expanded to cover assets valued at over $700 million. The expansion comes in response to strong demand from institutional custody. Digital asset custodian BitGo announced Wednesday that it has secured a total of $700 million in insurance coverage for the assets in custody in cold storage. This is an important milestone in the continued mainstream adoption of bitcoin and other digital assets BitGo®, the leader in bitcoin security, announced today that it has secured first-of-its-kind insurance coverage for bitcoin theft from the global, A BitGo's crypto insurance coverage is sourced from the Lloyd's of London market. By way of comparable insurance policies and packages, Crypto.com was most likely the previous file holder with about $360 million (which incorporates some cowl from BitGo). Coinbase has $320 million in cowl, in accordance with public documents.Nevertheless, that was bolstered by a further $500 million in opt-in.

BitGo, a digital asset financial services provider, announced earlier this week it has surpassed $700M of total Crime/Excess Specie insurance capacity.The company reported that in 2020, it claims it became the first digital asset custodian to offer clients the ability to purchase their own dedicated excess limits above BitGo's $100 million all customer Crime/Specie policy at pre-agreed. BitGo's crypto insurance is sourced from the Lloyd's of London market. In terms of comparable policies and programs, Crypto.com was probably the past record holder with about $360 million (which includes some cover from BitGo). Coinbase has $320 million in cover, according to public documents. However, that was bolstered by an additional $500 million in opt-in cover, according to a source. BitGo, the leader in digital asset financial services, announced today it has surpassed $700M of total Crime/Excess Specie insurance capacity. In 2020, BitGo became the first digital asset custodian to offer clients the ability to purchase their own dedicated excess limits above BitGo's $100 million all customer Crime/Specie policy at pre-agreed rates

BitGo announced it has surpassed $700 million of total crime/excess specie insurance capacity. In 2020, the company became the first digital asset custodian to offer clients the ability to. BitGo expands crypto insurance to cover more than $ 700M. April 21, 2021. Digital asset custody firm BitGo has expanded its cold storage insurance program, increasing its insurance capacity by $ 600 million. In 2019, BitGo launched its crypto insurance program through Lloyds, a global insurance and reinsurance market

BitGo has now expanded the program by over $600 million and is now able to offer a lower cost Dedicated Customer insurance protection capacity of over $700 million, due to its technology and scale. BitGo has teamed up with specialty commercial insurance broker Woodruff-Sawyer & Co., who has partnered with Paragon International Insurance Brokers of London, to enable the expansion of insurance. BitGo Insurance. According to the press release, Insurance played a very important role in the recent partnership. Earlier in 2019, BitGo introduced a $100 million comprehensive insurance plan for the digital assets held in BitGo qualified custody. As we scale our operations into more jurisdictions, we prioritize partnering with reliable and well-reputable infrastructure providers like. BitGo is part of an exclusive group of companies to successfully secure insurance for digital assets, as their CEO, Mike Belshe, points out : BitGo was one of the first service providers to build a strong insurance program for crypto. Today, due to BitGo's technology and scale, we're able to offer a lower cost Dedicated Customer. BitGo's insurance covers only a loss caused by BitGo and has nothing to do with Vebitcoin's trading, BitGo's spokesperson told Decrypt. The insurance doesn't cover a loss caused by Vebitcoin. Vebitcoin's Turkish customers shouldn't be expecting any payout from California. Disclaimer . The views and opinions expressed by the author are for informational purposes only and do not.

BitGo, the leader in digital asset financial services, announced today it has surpassed $700M of total Crime/Excess Specie insurance capacity. In 2020, BitGo became the first digital asset custodian to offer clients the ability to purchase their own dedicated excess limits above BitGo's $100 million all customer Crime/Specie policy at pre. BitGo partnered with insurance brokers Woodruff Sawyer. and Paragon International Insurance Brokers of London. It's very exciting that we were able to expand this program to accommodate the needs of BitGo's clients, said Jacob Decker, Vice President, Director of Financial Institutions at Woodruff Sawyer. As we see more institutional clients coming into crypto, it's vital that we keep. BitGo . BitGo is the first Qualified Custodian purpose-built for digital assets and a long-standing Nexo partner, serving primarily the retail side of our business. Private keys entrusted to BitGo are held in bank-grade cold storage custody and carry $100M in insurance protections. Visit Website Ledger . Ledger Vault provides us with institutional-grade self-custody that is accessible 24/7/365.

Cold storage Nexo Wallets are provided by the leader in multi-signature encryption technology BitGo. These custodial assets are covered for up to $100,000,000.00 by the London-based insurance. The crime insurance policy supplements existing insurance of assets held in cold storage. We keep approximately 98% of all digital assets stored offline and protected by BitGo's insurance policy. Now, the assets at Bitstamp are protected even while they're held online or during transit in a large range of scenarios BitGo, a crypto custodian, is going to offer up to $100 million in insurance coverage for crypto assets stored in its cold wallets. The insurance will protect digital assets against hacks and loss.

BitGo's insurance program and how it works. All of which leads us back to cryptocurrency, insurance for cryptocurrency risks, and why the news of BitGo's $700 million dollars in cryptocurrency coverage capacity is a big, big deal. You may think that the words bitcoin or cryptocurrency and mainstream don't fit together. However, I have long held the view that bitcoin (and other. Crypto Custodian Bitgo is offering an insurance cover of $100 million against the loss or theft of cryptographic keys. The Lloyd's of London insurance market has facilitated the offer at no additional costs for Bitgo users. Bitgo's offer against Quadriga Wallet Dilemma. The loss of funds from QuadrigaCX wallet left users devastated, after the sudden demise of CEO Gerald Cotton. Furthermore. BitGo 'exaggerated extent of insurance coverage,' underwriter claims. Crypto services firm BitGo has been accused of using 'ambiguous language' when describing its new insurance coverage, in a damaging leaked email from one of the policy's underwriters, CoinDesk reported.. In an email intended for insurance brokers, a copy of which was obtained by the crypto news outlet, the.

Digital asset custodian BitGo announced Wednesday that it has secured a total of $700 million in insurance coverage for the assets in custody in cold Kryptowährungen : 10,159 Börsen : 385 Marktkapitalisierung : €1,266,627,270,013 Vol. 24 h : €85,126,548,012 Dominanz : BTC : 43.2% ETH : 18.0% ETH-Gas : 16 Gwe BitGo weitet Krypto-Versicherung aus und deckt über $700M. Dirk Baumgartner April 22, 2021 - Last Updated: April 23, 2021. Die Firma BitGo, die sich mit der Verwahrung von Digital Assets beschäftigt, hat ihr Cold-Storage-Versicherungsprogramm ausgeweitet und damit die Deckungssumme um 600 Millionen US-Dollar angehoben In Zusammenarbeit mit BitGo und der Innovation Insurance Group haben wir ein neuartiges Versicherungsprodukt geschnürt, um das schnell wachsende Unternehmen zu schützen Bitcoin-Industrie, BitGo Multi-Signatur-Architektur bietet ein erhebliches Maß an Sicherheit und erkennt, wie ernst sie Cyber-Sicherheit nehmen; Wir haben mit Sicherheit eine umfassende Versicherungslösung entwickelt, die.

BitGo Adds $600M in Insurance Capacity to Comfort Big-Time

  1. Significant Expansion of BitGo's Innovative Insurance Program Log in. E-mail: Password: Remember: Forgot password ? Become a member for free. Sign up. Sign up. New member. Sign up for FREE. New customer. Discover our services. English (USA) English (UK) English (Canada) Deutsch (Deutschland) Deutsch (Schweiz) Español . Français (France) Français (Suisse) Italiano. Nederlands.
  2. Welcome to our BitGo news page. Here you'll find some of our featured BitGo Crypto content pieces as well as all our latest BitGo products posts. BitGo Crypto Custody Service Adds New GUSD and USDC Stablecoins Options to Impress Institutional Investors BitGo, a crypto custodian company, has recently added the support for a new asset, which will be the 101st asset of the company
  3. BitGo expands crypto insurance to cover over $700MDigital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million.BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd's of London in 2019
  4. At BitGo, the health and safety of our clients and employees is our top priority and we are closely monitoring COVID-19 pandemic. BitGo Editor. Apr 6, 2020. How BitGo Is Approaching The Travel Rule. How BitGo Is Approaching The Travel Rule. While many in our industry are finding ways to comply with the new Financial Action Task Force (FATF) Travel Rule, BitGo is taking a fresh BitGo. Jul 13.
  5. BitGo's Key Recovery Service partners are Coincover and Keyternal. With these private keys, the users and financial institutions have control over their own funds. Another very helpful thing for BitGo's clients is that BitGo has a complete insurance policy for your digital assets

BitGo provides $100m Lloyd's Digital Asset insurance plus

Lloyd's of London will offer protection for digital currency stored at BitGo's business wallet and custody offerings against theft and loss due to 'Lost Key Covers.'. This insurance will be also available through other providers including FCA-regulated Digital Asset Services, D&O, E&O, and Cyber Theft BitGo has placed over $700 million in insurance coverage for large amounts of cryptocurrency held at arm's length from the rough winds of the internet. The Palo Alto, Calif.-based custodian. BitGo carries a robust insurance program, elevating the scope of protection for our digital assets in their custody and providing further assurance to our customers that their funds are safe and protected. In addition to the told wallet cover, BitGo also gives its customers the option to add hot wallet coverage, thanks to a partnership with U.K.-based Coincover, which is backed by Lloyd's. Digital asset custodian BitGo announced Wednesday that it has secured a total of $700 million in insurance coverage for the assets in custody in cold Mata Uang Kripto : 9,419 Bursa : 369 Kap Pasar : Rp29,654,191,358,801,632 Vol 24j : Rp2,642,632,546,890,852 Dominance : BTC : 50.4% ETH : 13.6% ETH Gas : 162 Gwe Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto in..

BitG

Gemini vs. BitGo. For myself and others: Could someone explain the difference between Gemini custody and BitGo custody for deposit insurance? What are the safety features? How do they differ? Etc. Thank you! 0 comments. share. save. hide. report. 82% Upvoted. Log in or sign up to leave a comment Log In Sign Up. Sort by . top (suggested) no comments yet. Be the first to share what you think. BitGo has boosted its insurance capacity by $600 million. This Digital asset custody firm seeks to expand its cold storage insurance program, among other progressive moves. It has in the past worked with leading crypto firms and leading banking institutions. Examples of the big names it has worked with include Mike Novogratz's Galaxy Digital and [ FDIC kompatibel: Die Federal Deposit Insurance Corporation (FDIC) ist eine Bundesbehörde der USA. Sie reguliert Banken und versichert die meisten privaten Bankkonten des Landes. BitGo und Genesis Global Trading Kooperation für neue Trading-Möglichkeiten . Cold Storage ist eine gute Möglichkeit, um Krypto-Assets sicher zu verwahren. Wenn es jedoch um das Trading geht, kann das ein Hindernis. In addition, TradeConnect assets in BitGo Custody are protected by BitGo's $100 million insurance policy. Providing our cryptocurrency traders with a world-leading standard in security, compliance and technology best-practices is paramount to our ethos at TradeConnect. Our partnership with BitGo, Inc. further demonstrates to our customers, and the wider crypto community, that we are not.

Bitcoin IRA Partners With BitGo to Offer Insured Crypto

In February 2019 we reported that Bitgo had secured a $100 million insurance policy through Lloyd's insurance to cover crypto assets that are completely under the company's control, such as. BitGo expands crypto insurance to cover over $700M. BitGo expands crypto insurance to cover over $700M. April 21, 2021 Happy.

Crypto Mike Novogratz-Backed BitGo Offers $100 Million in

BitGo expands crypto insurance to cover over $700M By

With BitGo Custody, Bitstamp's assets will be secured on 100% cold storage technology in bank-grade class III vaults and protected by BitGo's $100 million (USD) insurance policy. As the world's longest-standing crypto exchange, we are committed to providing exceptional services to our customers, which includes ensuring we offer the best tech and bulletproof processes on all aspects of. BitGo Adds $600 Million Crypto Insurance Cover to Lure Institutions. The custodian now has total coverage of more than $700 million. 21 April 2021 19:06 GMT+2 / Arnab Shome. BitGo Secures Trust Charter License from New York Regulator. The trust charter enables BitGo to offer its cryptocurrency trading and custody services to companies based in the state. 04 March 2021 20:44 GMT+2 / Aziz. Digital asset custodian BitGo has secured $700 million in insurance coverage for digital assets custodied in cold storage, the firm announced Wednesday. The Silicon Valley-based company expanded its cold storage insurance program by $600 million. BitGo covers all clients up to $100 million in the case that assets are lost or damaged. The firm now allows clients to purchase their own limits for. BitGo has announced a new partnership with Innovation Insurance Group and XL Group that will enable it to offer $250,000 in insurance to customers

BitGo Caps off Busy Week By Padding Insurance Policy

  1. BitGo is the leader in institutional digital asset custody, trading, and finance. We enable our clients to navigate the complex landscape of digital assets with a connected, compliant, and secure suite of solutions
  2. BitGo, the leader in digital asset financial services, announced it has surpassed $700M of total Crime/Excess Specie insurance capacity
  3. BitGo processes over 30 billion monthly transactions, supports the custody of more than 400 coins and tokens and provides clients with the most comprehensive insurance available in the market. BitGo's product suite is complementary to Galaxy Digital's existing offerings across Asset Management, Trading, Investment Banking, and Mining
  4. Underwriter Claims Crypto Custodian BitGo Exaggerated Insurance Coverage. Policy & Regulation. One of the underwriters behind BitGo's $100 million cryptocurrency insurance policy has accused the custodian of exaggerating the scope of its coverage by using ambiguous language in public statements. The controversy boils down to three words. In its February 20 press release, BitGo listed.
  5. BitGoCrypto Custodian BitGo Adds an Additional $600M Insurance Coverage As Demand Increases Lujan OderaApril 22, 2021This follows increased institutional interest in crypto assets. Crypto.com is one of the first companies to take advantage of the excess limits.Digital asset custodian, BitGo announced an additional $600 million to its Dedicated Customer Excess Specie insurance program as.
  6. 數位資產託管巨頭|BitGo 保險賠付額度增到「7 億美元」!. 為大型機構進場鋪路. BitGo 近期宣布為旗下冷儲存服務提供總額高達 7 億美元的保險賠付額度,並期望藉此吸引更多大型機構投資人進場。. 而本次的保險中也列入了「第三保險受益人」條款,根據 BitGo.
  7. Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd's of London in 2019. This enabled BitGo clients to acquire insurance for their digital assets held on BitGo's Business Wallet service and Custodial
Ex-Royal Mint Team Now Provides $1M Insurance Cover for

BitGo announced Wednesday that its Dedicated Customer Excess Specie insurance program has been expanded to cover assets valued at over $700 million. The expansion comes in response to strong demand from institutional custody clients. The excess insurance program was introduced in collaboration with insurance brokers Woodruff Sawyer and. BitGo's insurance and security offering is the only one of its kind, and, according to Belshe, it is in high demand and slowly becoming what is expected out of exchanges. The first thing users should do is make sure they are using an exchange that's backed by the best technology - and using multi-signature wallets like those BitGo offers is one of the key tenets of putting this into.

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