Bittrex now offers insurance up to $ 300M

The cryptocurrency market Bittrex announced that digital assets preserved through its cold wallets were now covered up to $ 300 million.

Cryptocurrency exchange platform says Bittrex worked with the New York insurer Marsch and Arch syndicate 2012, an insurance company based in Bermuda, to insure crypto-currencies stored through its cold wallets.

Bittrex focuses on security in priority. This insurance coverage will reassure our customers, "said Bill Shihara, CEO of Bittrex.

According to the crypto-exchange, its insurance policy covers up to $ 300 million assets in the event of an external or internal company theft

More and more major players in the ecosystem, such as Coinbase, Gemini, BitGo or Ledger, offer insurance against theft of cryptocurrencies.

Insurance plays a vital role in the growth and development of any company, including those working with blockchain technology and digital assets. We have worked closely with Bittrex to create a tailored insurance solution tailored to their specific cryptocurrency needs, "added Sarah Downey, co-director of DART (Marsh Digital Asset Risk Transfer).

In autumn, Bittrex announced the closure of Bittrex International, its European headquarters located in Malta. Based in Seattle, the company now operates from liechtenstein for its offer for Europe.