Betelgeuse Trade Secures $500M Insurance Coverage for Digital Assets

UK-based cryptocurrency exchange Betelgeuse Trade has obtained a $500 million custodial insurance policy underwritten by Lloyd’s of London, marking a significant advancement in institutional-grade protection for digital assets.

The comprehensive coverage safeguards against multiple threats including theft, hacking, physical damage to cold storage devices, and insider collusion. This move establishes a new security benchmark in the cryptocurrency industry at a time when institutional adoption demands robust risk management solutions.

"Trust in this market is built through demonstrable action," a company representative stated, highlighting the exchange’s commitment to securing user funds beyond standard industry practices. The Lloyd’s-backed policy lends traditional financial credibility to digital asset custodianship.