{"id":49786,"date":"2021-09-20T15:59:21","date_gmt":"2021-09-20T12:59:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49786"},"modified":"2025-09-02T14:26:34","modified_gmt":"2025-09-02T11:26:34","slug":"crypto-com-expands-insurance-coverage-to-750-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-com-expands-insurance-coverage-to-750-million\/","title":{"rendered":"Crypto.com expands insurance coverage to $750 million"},"content":{"rendered":"<p>Hong Kong-based cryptocurrency platform Crypto.com announced that it has increased the scope of insurance coverage for user assets to USD 750 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re proud to announce that we\u2019ve increased our insurance coverage to USD $750M, the largest policy programme in the industry \ud83d\udcb0\ud83d\udd12The most secure cryptocurrency platform is now even more secure.<\/p>\n<p>Details here \u2014 <a href=\"https:\/\/t.co\/5VR46byWq5\">https:\/\/t.co\/5VR46byWq5<\/a> <a href=\"https:\/\/t.co\/D1o7druJad\">pic.twitter.com\/D1o7druJad<\/a><\/p>\n<p>\u2014 Crypto.com (@cryptocom) <a href=\"https:\/\/twitter.com\/cryptocom\/status\/1439907192983990279?ref_src=twsrc%5Etfw\">September 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The programme is underwritten in partnership with Arch Underwriting \u2014 a Lloyd&#8217;s market participant.<\/p>\n<p>The coverage guarantees reimbursement of direct and indirect losses of assets in the cold storage Ledger Vault \u2014 Crypto.com&#8217;s custodial partner. The insurance policy provides protection against &#8220;physical damage or destruction and theft by third parties&#8221;.<\/p>\n<p>Earlier, Ledger Vault, with Arch Underwriting and Marsh, launched its own insurance programme for up to $150 million.<\/p>\n<p>\u201cSecurity and privacy of data are foundational for broad adoption of cryptocurrencies. The updated Lloyd&#8217;s policy will significantly expand protection for our users alongside existing measures,\u201d said Crypto.com co-founder and CEO Kris Marsalek.<\/p>\n<p>In November 2019 the company launched a cryptocurrency exchange. In September 2020 <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-com-launches-uniswap-fork\">entered the decentralized finance market<\/a> with the DeFi Swap platform, which became another fork of the Uniswap protocol.<\/p>\n<p>In 2021, Crypto.com launched its own <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-com-to-launch-its-nft-marketplace-with-tokens-from-snoop-dogg-and-bosslogic\">NFT marketplace<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong-based crypto platform Crypto.com announced an expansion of its insurance coverage for user assets to $750 million.<\/p>\n","protected":false},"author":1,"featured_media":49787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1452],"class_list":["post-49786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-com"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49786"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49786\/revisions"}],"predecessor-version":[{"id":49788,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49786\/revisions\/49788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49787"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}