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With studies showing billions worth of crypto being lost to hackers, the crypto industry needs insurance now more than ever. Major insurers are, however, cautious Go to Source Powered by WPeMatico
Insurance companies cover all sectors of the economy, from the manufacturers to the financial industry and even personal property. They have, however, steered clear of the crypto industry, and with good reason. The unpredictability of the industry is comparable to none, from the volatile nature of cryptos which shed and gain billions in minutes, to … Read more
A growing number of big-name insurers are getting into the crypto space. They are exploring new product options in this area and meeting with cryptocurrency custodians and trading platforms about coverage. However, exclusions can add up fast for crypto businesses and premiums can be more than five times that of a normal business. Also read: Yahoo! … Read more
