In a new development about the matter, the Bittrex Crypto Exchange announced that, their cold storage wallet got a covered insurance of astonishing $300 million.
In a constant world of cyber attacks, the Security measures are the main reason to an existence of a exchange that proves to worry about their business and mostly their customers funds.
The new insurance cover will be a warranty that if, in future, they face problems with hacking the customers funds will be in double security, as they will be covered.
Recently also the Gemini crypto Exchange got a insurance in their funds covering $200 million, and Coinbase have a insurance cover of $255 million for their online wallet (hot wallet).
Extra measures of security will enhance trust from the Traders and investors that deal with the crypto Exchange, as they know that the Funds are well managed and secured, giving confidentiality to be a satisfied customer.
Hoping to see more crypto Firms taking this measures!
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