BitGo Raises The Limit Of Cryptocurrency Insurance To $ 700 Million

Digital asset custody company #BitGo has increased the insurance limit for assets held in cold storage to over $ 700 million. The company says there is strong demand from corporate customers who buy custody services.

🔥BitGo had set an insurance limit of up to $ 100 million for customers who receive custody services. The company, besides adding $ 100 million to $ 600 million limit, brokerages and insurance Woodruff Sawyer, who partnered with Paragon International Insurance Brokers of London founded .

“As we see more customers entering the crypto market, it is important that we continue to innovate to ensure that demand is met , ” said Jacob Decker, President of Woodruff Sawyer . said.

"Bitgo's service is popular with customers"
BitGo CEO Mike Belshe states that BitGo's technology and scale allow them to offer a lower-cost Dedicated Customer insurance program alongside a secure storage system.

“This milestone demonstrates that the service is very popular with customers who want fully secure and insured storage.