After FTX’s liquidity problems, Copper, which provides crypto custody services, insured the assets it kept in the cold wallet by making an agreement with the UK’s largest insurance institution.
copper November 9 The UK’s largest insurance agency for crypto assets kept in cold wallets by the company. AON in agreement with 500 million He announced that he had purchased $500 worth of insurance.
The company has recently seen that the increase in the value of digital assets is reflected in the demand for cold wallets. to increase He said it caused. The company also specifically focuses on crypto assets, which are increasingly being adopted by institutional investors and users as a new asset class. offline protection tools stated that they are focused on creating This move of the company against employee collusion, physical loss or damage to digital assets It was also among the information given that it would provide protection.
Copper Personnel Manager Greg Hall He made the following statements on the subject:
Protection of digital assets is the main goal of our business and we now have an extra level of security to reassure our customers. At Copper, we will continue to work closely with the insurance market to support the growth of our business and ensure we have the most favorable market-leading policies.
Experts say FTX lives liquidity problem after many cryptocurrency exchange and custody service firm insurance methods you are researching reported.