Coinbase Publicly Announces It's Holding Insurance Against Theft/Loss of Bitcoins

Coinbase Publicly Announces It's Holding Insurance Against Theft/Loss of Bitcoins

San Francisco-based Coinbase has published an interesting blog post on Wednesday, which essentially serves a means of comforting its users. In short: the company announced that it holds insurance against both theft and loss of the bitcoin they hold - much of which belongs to its over one million users. Interestingly enough, however, they say that they have been insured since November of 2013, adding that "given the recent claims of insurance in the industry," felt it appropriate to inform its user base. They write: Coinbase is insured against theft and hacking in an amount that exceeds the....


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