Hong Kong firm to offer insurance for Asian cryptocurrency holdings
Insurance and risk management for digital assets will increase investor confidence, said OneDegree. A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field.Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for the latter's ON1ON custody platform. OneDegree claims to be the first Asia-based insurance provider for digital assets, having insured $100 million in digital assets under HKbitEX's custody.Insurance demand for digital assets....
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