- Coinbase reveals a $255 million insurance cover it has held for its hot wallets since November 2013.
- “If the worst happens and Coinbase loses customer funds, customers deserve certainty that they will be made whole,” Phillip Martin.
The leading cryptocurrency exchange in the United exchange, Coinbase has revealed that it has started an insurance cover for its customers who store digital assets on the exchange platform. According to a blog post published on April 2, Coinbase bought the $255 million cover to protect the funds on its platform.