Fintech provider BitGo has launched the industry’s "most comprehensive insurance protections for cryptocurrencies and digital assets held in their Business Wallet and Custody offerings," reports Associated Press.
The head of BitGo, Mike Belshe, says that the new so-called $100 million service "BitGo Custody Insurance" is the most complete insurance offering in the industry.
"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," says Belshe.