Newslink: Big-Name Insurers Stepping Up Their Crypto Game
A growing number of big-name insurers are getting into the crypto space. They are exploring new product options in this area and meeting with cryptocurrency custodians and trading platforms about coverage. However, exclusions can add up fast for crypto businesses and premiums can be more than five times that of a normal business.
This will provide a tremendous boost of confidence to institutional wealth and old money, who are accustomed to having these safe guards in place. How will it affect the rest of us though?