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The Gemini cryptoexchange offers insurance for digital currencies of its users

The Gemini cryptoexchange offers insurance for digital currencies of its users
Oct 7, 2018 by Rico Wise

Starting from the first day of October, the digital currencies stored in the custody of the Gemini cryptoexchange will be provided with insurance coverage by Aon, a top-rated company for provision of professional services on a worldwide scale. This firm offers a variety of solutions, including insurance against risks, health hazard, etc.

Now it has entered into a collaboration with Gemini, whose chief official in the matters of risk management, Yusuf Hussain, claimed that the exchange customers seek viable insurance, similar to the one they would be offered upon engagement with conventional financial organizations.

Therefore, there is a demand for education of the insurers in this sphere, which leads to the establishment of proper protection for the users, as well as takes the expectations of the cryptoindustry regarding the client protection to the next level.

Gemini attracts a lot of attention recently, introducing a wide array of new solutions and products. The firm has established its own dollar-pegged stablecoin, GUSD, and the creators of the exchange, the Winklevoss brothers, are making significant efforts to introduce Nasdaq and Wall Street to the digital currencies.

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