Learn about the first cryptocurrency exchange to provide financial insurance on its platform
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Answer Learn about the first cryptocurrency exchange to provide financial insurance on its platform
Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange, now offers insurance coverage for crypto assets listed on its platform.
On December 10, GBX announced that it had partnered with a local provider called “Callaghan Insurance” to provide a financial policy covering both hot (online) and cold (offline) wallets listed on the GBX Digital Asset Exchange.
According to Nick Cowan, CEO of GBX:
“This represents an important step in attracting users who need stringent safeguards about the security of their assets.”
Last month, Gibraltar Investments GBX was authorized by the Gibraltar Financial Services Commission (GFSC) under the jurisdiction’s new regulatory framework for Distributed Ledger Technology (DLT) to conduct related operations.
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