Crypto.com Extends Insurance Coverage to $360 Million After Securing $100 Million Policy Led by Arch Underwriting at Lloyd's Syndicate 2012
Crypto.com today announced it has secured a US $100M direct insurance policy led by Arch Underwriting at Lloyd's Syndicate 2012. This is the largest coverage that Crypto.com has secured for its cold storage assets on custodial partner Ledger Vault. The new policy brings Crypto.com's total cryptocurrency insurance to $360M, including direct and indirect coverage via custodians. It will significantly expand security protection for its rapidly growing user base, which has just surpassed 2+ million, against physical damage or destruction, and third-party theft.