Today news
About the same in other media
Hong Kong firm to offer insurance for Asian cryptocurrency holdings
Reading now: 767
A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field.
Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for the latter's ON1ON custody platform. OneDegree claims to be the first Asia-based insurance provider for digital assets, having insured $100 million in digital assets under HKbitEX's custody.
Insurance demand for digital assets is growing and insurance and risk management for digital assets will boost investor confidence and help the market develop, according to OneDegree.
Third-party insurance covers physical damage to wallets caused by natural occurrences, cybersecurity risks
Read more on cointelegraph.comAbout this in other media
Cryptocurrency regulation: Here’s what countries around the world have done moneycontrol.com /2 years ago
Southeast Asian financial institutions turn to the Ethereum blockchain cointelegraph.com /2 years ago
Top cryptocurrency prices today: Polkadot, XRP, Ethereum add up to 5% economictimes.indiatimes.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
