Bittrex buys $ 300 million in insurance for its digital assets

Bittrex announced on Wednesday that cryptocurrency exchange Bittrex announced the purchase of insurance for digital assets in its cold storage. According to the official announcement from Bittrex, the exchange cooperates with Marsh, the world's leading insurance brokerage company, which provides corporate casualties and professional insurance, and is supported by Lloyd's of London. Subject to compliance with all terms, conditions and exclusions, this policy will cover up to $ 300 million in digital assets in the event of external hacking and internal theft. Bittrex CEO Bill Shihara said, "Bittrex focuses on the principle of safety first, and customers do the right thing. This insurance provides another layer of protection. From institutional customers to individual investors, all our decisions and blocks Prioritize security in blockchain technology. "