Bittrex sets new crypto industry record by taking out insurance policy of $300M USD for crypto held in its cold storage

posted 2 months ago
Bittrex has insured digital assets held in its cold (or offline) storage to up to $300 million, the highest coverage yet offered by a cryptocurrency exchange. The company said it has obtained digital asset insurance that will protect users' holdings in cases of "external theft and internal collusion."

Bittrex CEO Bill Shihara said the cover, which has a limit of up to $300 million, offered "peace of mind" and would show clients it was "committed to prioritizing security throughout all of our decisions and forward looking blockchain technologies.”
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