Betelgeuse Trade Secures $500 Million in Insurance for Digital Asset Protection

UK-based cryptocurrency exchange Betelgeuse Trade has announced a significant insurance policy, securing $500 million USD in coverage from Lloyd’s of London, one of the world’s oldest and most reputable insurance markets. This move underscores Betelgeuse Trade’s commitment to safeguarding user funds as it positions itself as a leader in digital asset security. The policy provides broad protection against a range of potential threats, including theft (both internal and external), hacking incidents, physical damage or loss of cold storage devices, and insider collusion, all subject to the terms and conditions outlined by Lloyd’s.