Bitcoin

The Chicago-based digital asset insurance company, Evertas has recently <a href="https://www.globenewswire.com/en/news-release/2023/06/02/2681338/0/en/Leading-Crypto-Insurance-Company-Evertas-Expands-Per-Policy-Limit-to-420-Million.html" rel="noopener noreferrer nofollow">declared</a> the expansion of the crypto insurance offerings with an increase in coverage limits to $420 million. The “dramatic expansion” has been focused on advancing the Web3 ecosystem by solving the vast digital asset insurance gap.J. Gdanski, CEO of Evertas, commented that the current move is an indication of the maturing of the crypto space, quoting:Currently, less than one percent of digital assets are protected by insurance, leaving the industry dangerously exposed and impeding innovation. This shortfall is a consequence of multiple deficiencies in the status quo, many of which Evertas has just solved. This dramatic increase in capacity is an unmistakable indication that the crypto space is both maturing and heading in the right direction.Read full article at <a href="https://cryptotale.org/evertas-expands-crypto-insurance-offerings-coverage-limit-increases-to-420m/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Evertas Expands Crypto Insurance Offerings: Coverage Limit Increases to $420m

CryptoTale

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