Bittrex Secures $300 Million Insurance for Cryptocurrencies in Cold Storage
Cointelegraph
Published Jan 30, 2020 07:31AM ET
Updated Jan 30, 2020 09:22AM ET
Bittrex Secures $300 Million Insurance for Cryptocurrencies in Cold Storage
Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage.
Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyd’s of London after working with major insurance broker and adviser Marsh. The co-leader of Marsh’s digital asset risk transfer team, Sarah Downey, said, “We worked closely with Bittrex to create a tailored insurance solution to fit their specific cryptocurrency needs.”
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Written By: Cointelegraph
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