Crypto.com has secured a $120 million insurance policy for assets held in its U.S.-based Custody Trust platform, enhancing protection for institutional clients.
Arranged through Aon and underwritten by Lloyd’s of London, the coverage Divisionincludes $100 million for cold storage and $20 million for crime-related incidents, effective through Q1 2025.
This move comes amid a broader industry push for improved risk management, with only 22% of exchanges currently having full insurance.
Crypto.com also expanded its U.S. footprint by opening a Washington D.C. office and launching the Canary CRO Trust with Canary Capital Group, following the SEC’s closure of its investigation into the company.
Founded in 2016, Crypto.com is a leading crypto platform serving over 140 million users globally. The company offers trading, custody, and payment services, with a mission to make cryptocurrency accessible to everyone and promote a more inclusive digital financial system.
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