Whilst the ups and downs of Bitcoin's market value are an indicator of the volatility that befalls most crypto currencies (perhaps not so much stablecoins), there can be no denying the popularity of currency, and the subsequent popularity of custodial solutions like BitGo's market leading proposition - with no less than $16bn in assets under custody (as of Dec 2020).

This recent milestone is fantastic news for BitGo, BitGo's clients, the insurance market and any coinholder looking to protect their crypto assets.

Yes, the insurance market remains extremely challenging for any crypto business seeking Directors' and Officers', Professional Liability, Crime and/or Cyber insurance...however, to have evolved from an embargo at Lloyd’s of London for Crypto risks in 2017, to a $700m cold storage specie program in 2021...this is something to be really excited about. The insurance community has come a long way, and there is plenty to be optimistic about as we consider new, pioneering insurance solutions for crypto related businesses in the future!