Full deposit insurance at Canadian Bitcoin exchange launches through trading, insurance & security company’s partnership

posted about 1 month ago
Toronto-based cryptocurrency exchange Bitbuy inked a deal with Montreal-based Bitcoin security firm Knox to deliver to their clients the "world’s first 1:1 insurance on Bitcoin exchange deposits." Through the partnership, Bitbuy will leverage Knox’s custody and 1:1 deposit insurance, making “Bitbuy the world’s first platform to find a way to keep the full value of its Bitcoin cold storage holdings insured.”

Thibaud Marechal, VP of Knox, said the young companies both specialized in complementary pieces of the infrastructure (trading and security/insurance, respectively). They also align with their vision for how to structure a safe, transparent market structure for buying Bitcoin. “Our two companies are strongly aligned on the direction of the industry, including consumer protection and regulatory advancements,” Adam Goldman, Founder and President Bitbuy said.
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