Hong Kong’s OneDegree Claims To Be First Asia-Firm Offering Crypto Insurance

A company from Hong Kong is claiming to be the first Asia-based firm offering crypto insurance. A massive Asia insurer by the name of OneDegree has now ventured into BTC in an attempt to be able to provide a model for other businesses within the field.

OneDegree Offers Crypto Insurance
The multi-line insurance firm called OneDegree has just announced that it is now partnering with the Hong Kong Bitcoin Exchange or HKbitEX to provide protection for the company’s custody platform. OneDegree now claims to be the very first Asia-based insurance provider when it comes to digital assets.

The company has already been able to insure $100 million in digital assets directly under HKbitEX’s own custody. Insurance demand for digital assets is currently growing. Insurance and risk management for digital assets will also help boost total investor confidence to help the market develop, as per OneDegree.

Source: https://www.techtimes.com/articles/267871/20211111/hong-kongs-onedegree-claims-to-be-first-asia-firm-offering-crypto-insurance.htm