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Crypto.com Claims Industry Record For Insurance Coverage As Users Double

Janelle Fox

Summary: Crypto.com has secured a $100 million direct insurance policy provided by Arch Underwriting at Lloyd’s Syndicate 2012, following a surge in new users and volumes over recent months. According to an announcement on May 11, the new policy puts Crypto.com’s total coverage at $360 million, which the firm claims is the most insurance coverage within ...

Crypto.com has secured a $100 million direct insurance policy provided by Arch Underwriting at Lloyd’s Syndicate 2012, following a surge in new users and volumes over recent months.

According to an announcement on May 11, the new policy puts Crypto.com’s total coverage at $360 million, which the firm claims is the most insurance coverage within the entire cryptocurrency sector.

By Janelle Fox

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