Mike Novogratz-Backed BitGo Offers $100 Million in Crypto Insurance

2019-2-20 03:50

BitGo, a crypto custodian backed by Goldman Sachs, is offering up to $100 million in insurance coverage for cold-wallet assets through Lloyd’s.  There is no additional cost to BitGo clients. In a press release, the company said the $100 million of insurance coverage protects custodial assets held by BitGo against: Third-party hacks.

Insider theft by employees of private keys. Physical loss or damage of private keys. Mike Belshe, the CEO of BitGo, touted the new service: “This is the most complete insurance offering in the industry. It is not always easy for some clients to understand under what circumstances their investments

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BitGo Crypto Asset Custodian Service Ups The Ante With $100 Million Insurance Coverage Via Lloyd’s Of London

BitGo Cryptocurrency Custodian Now Offers Up To $100 Million Insurance Coverage For Digital Assets. BitGo, a California-based digital assets financial services company has announced https. , 2019 it's now offering up to $100 million insurance coverage for all custodial assets that are held by the company reports BusinessWire.

2019-2-20 23:52