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Coinbase Reveals Their Insurance Policy In Recent Blog

Roland James

Summary: Coinbase has confirmed in a blog post that $255 Million is  insured for coins that  are held in hot wallets on its platform. While this is a great show of transparency from the company, this is an eye-opening moment for its users only 2% of which is in hot wallets, while the rest is unprotected ...

Coinbase has confirmed in a blog post that $255 Million is  insured for coins that  are held in hot wallets on its platform.

While this is a great show of transparency from the company, this is an eye-opening moment for its users only 2% of which is in hot wallets, while the rest is unprotected in cold storage wallets. With the number of hacks in the industry the move has been received positively.

By Roland James

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