Crypto.com, a popular cryptocurrency exchange platform, has announced it has secured $120 million in insurance coverage for its digital assets. This move is aimed at protecting customers against potential theft and incidents.
Insurance Coverage by Aon
The insurance was arranged by Aon, a London-based firm, which worked with underwriters via Lloyd’s of London to assess Crypto.com’s risk management. The insurance coverage includes protection for assets held in Crypto.com Custody Trust, which offers crypto custody solutions for North American digital assets and institutions.
Crypto.com's Expansion in North America
Recently, Crypto.com has been expanding its presence in North America, including opening a new office in Washington, D.C. This move comes amid positive shifts in the regulatory landscape for financial services in the USA. The platform is also partnering with Canary Capital Group to launch the Canary CRO Trust, an investment product that provides regulated exposure to the Cronos (CRO) token.
Overall State of Crypto Exchange Insurance
According to a recent report by CoinLaw, comprehensive insurance coverage among exchanges stands at only 22% as of 2025. About 74% of insured exchanges opt for coverage against crime and cyberattacks, focusing on protection from hacks. Insurance payouts related to crypto exchange hacks totaled about $1.8 billion between 2022 and 2024.
Thus, Crypto.com's efforts to ensure the security of its digital assets through a $120 million insurance policy and its business expansion in the USA highlight the company's commitment to providing a safe ecosystem for its clients.
