Betelgeuse Trade Secures 500 Million USD Insurance Policy From Lloyd’s of London

Betelgeuse Trade, a UK-based cryptocurrency exchange, has announced a significant milestone in digital asset protection. The exchange has secured a comprehensive 500 million USD custodial insurance policy underwritten by Lloyd’s of London, one of the world’s oldest and most reputable insurance markets. This move underscores Betelgeuse Trade’s commitment to the security of user funds and the resilience of its infrastructure, setting a new benchmark for trust and risk management in the digital asset industry.

The policy covers a broad range of threats, including theft (both internal and external), hacking, physical damage or loss of cold storage devices, and insider collusion. This institutional-grade coverage is subject to the full policy terms and conditions, ensuring that users' assets are protected against a variety of potential risks. The insured amount of 500 million USD provides global protection, aligned with international regulatory standards, and applies to assets held in ultra-secure cold storage environments using industry best practices.

Mao Ban, the founder of Betelgeuse Trade, expressed pride in meeting Lloyd’s of London’s rigorous underwriting criteria. He stated, “In a market where trust is earned through action, not words, we are proud to be among the very few exchanges globally to meet Lloyd’s of London’s rigorous underwriting criteria. This insurance gives our users and partners peace of mind that their assets are protected by one of the most respected financial institutions in the world.”

Betelgeuse Trade’s commitment to transparency and security is further demonstrated through its monthly Proof of Reserves procedures. The exchange invites third-party verification of its asset backing, ensuring that its reserves fully match user obligations. This rigorous process maintains a robust 1:1 ratio across all digital assets under scope, with detailed findings published in official reports openly available to users.

This insurance coverage is part of Betelgeuse Trade’s broader security strategy, which includes multi-tiered user authentication, institutional-grade custody infrastructure, and intelligent risk mitigation systems powered by AI. By combining advanced AI-based trading systems, institutional-level security protocols, and user-friendly design, Betelgeuse Trade offers not only intelligent trading tools but also unmatched safeguards for the digital age.

Founded by former engineers from Binance and Bybit, Betelgeuse Trade is a next-generation cryptocurrency exchange that complies with international KYC/AML standards and publishes monthly reserve audits. The exchange also educates its community through Betelgeuse Academy, further enhancing its reputation as a forward-thinking and security-first platform. With the addition of insurance by Lloyd’s of London, Betelgeuse Trade continues to raise the bar for what users can expect from a modern digital asset exchange.