You are viewing a single comment's thread from:
RE: BitFinex Covered by Insurance, Announcement Today and Light at the End of the Tunnel.
The insurance may be a good way to see a light at the end of the tunnel.
Wonder why not every exchange has it
The insurance may be a good way to see a light at the end of the tunnel.
Wonder why not every exchange has it
Good question. I don't believe most exchanges are "insurable". Finex is using BitGo as a third party so they are insured as an enterprise client. Sounds like a good workaround to get your customers insured but in this case it also led to their loss / hack.
Catch 22.
Exchanges should carry insurance though, it would add legitimacy to this space.