Crypto.com Locks Down $120M Insurance for US Custody Platform—Institutional Adoption Heats Up

Crypto just got a $120 million security blanket. The exchange's US custody arm now boasts one of the largest insurance policies in digital asset history—Wall Street's gonna need smelling salts.

Cold storage just got hotter. With this move, Crypto.com positions itself as the Fort Knox of crypto custodians—complete with the paperwork that makes traditional finance types stop hyperventilating.

The fine print? Coverage spans theft and hacking (obviously), but not the existential risk of bankers finally understanding blockchain. Institutional players can now park digital assets with the same confidence as their offshore accounts.

Crypto.com’s expansion

A recent report by CoinLaw indicates that comprehensive crypto insurance coverage by exchanges stands at only 22% as of 2025. The report notes that about 74% of insured exchanges opt for coverage against crime and cyberattacks, with a focus on protection from hacks.

Notably, insurance claims payouts tied to crypto exchange hacks between 2022 and 2024 totaled about $1.8 billion.

Crypto.com’s expansion in North America includes the opening of its new office in Washington D.C., with this MOVE coming on the back of a positive shift in the U.S. regulatory landscape. The exchange is among the crypto companies that saw the Securities and Exchange Commission end its investigation against it amid a flurry of such closures.

Growth also saw Crypto.com recently  partner with Canary Capital Group to unveil the Canary CRO Trust, an investment product that provides regulated exposure to the Cronos (CRO) token.