A new service offers Bitcoin custody with insurance coverage of up to $370 million per client
AnchorWatch Trust Company has announced the launch of a Bitcoin custody service, with insurance coverage of up to $370 million per client, according to a report by The Block.
The service targets institutions and investors who need solutions for holding large amounts of Bitcoin under secure and insured arrangements. $BTC
#BinanceTurns8 #BTC
Why does this matter?
Institutional custody services help address one of the main concerns of large investors: securing private keys and managing the risk of theft or loss.
However, the announced figure is a coverage limit subject to the service’s terms, not a guarantee that all losses or every type of incident will automatically be covered.
AnchorWatch Trust Company has announced the launch of a Bitcoin custody service, with insurance coverage of up to $370 million per client, according to a report by The Block.
The service targets institutions and investors who need solutions for holding large amounts of Bitcoin under secure and insured arrangements. $BTC
#BinanceTurns8 #BTC
Why does this matter?
Institutional custody services help address one of the main concerns of large investors: securing private keys and managing the risk of theft or loss.
However, the announced figure is a coverage limit subject to the service’s terms, not a guarantee that all losses or every type of incident will automatically be covered.