BitGo offers $100M in crypto custody insurance through Lloyd’s of London

posted 3 months ago
BitGo, the Palo Alto-based crypto security company & crypto custody provider, now offers a $100M “comprehensive coverage” insurance plan for all crypto assets under its custody. The plan is offered through Lloyd’s insurance marketplace.

Mike Belshe, CEO of BitGo said “It is not always easy for some clients to understand under what circumstances their investments are insured and to what extent their loss would be covered. We are changing that by being more transparent than any other company about the terms of our coverage. Transparency and accuracy is essential for building trust in the market.”
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