Winklevoss Gemini Crypto Exchange Secures Insurance Coverage for Custodied Assets
October 03, 2018 9:51 PM Discuss Crypto exchange Gemini Trust Company, LLC has obtained insurance coverage for custodied digital assets from lending services firm Aon. The Winklevoss Gemini crypto exchange has obtained insurance coverage for custodied digital assets from lending services firm Aon Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3. Founded in 2014 in New York by Tyler and Cameron Winklevoss, Gemini is now the 50th largest digital currency exchange by 24 hour adjusted trade volume, according to data from CoinMarketCap.
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Crypto Assets on Winklevoss Gemini Exchange Are Now Insured - CoinDesk
October 03, 2018 3:15 PM Discuss Crypto exchange Gemini has obtained insurance coverage for the digital assets it holds in custody, it announced Wednesday. The Gemini Trust Company, co-founded by Cameron and Tyler Winklevoss, said in a press release that its insurance will be provided through a consortium of insurers arranged by global professional services firm Aon, which provides a broad range of risk, retirement and health solutions. According to the release, the exchange received coverage after it could prove to underwriters that it is a leading, best-in-class exchange and custodian. This insurance comes on top of the Federal Deposit Insurance Corporation-insured dollar deposits that the exchange holds.
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