Crypto.com Secures $120 Million Insurance for U.S. Digital Assets

Crypto.com, a leading cryptocurrency exchange, has announced a significant development in its efforts to bolster the security of digital assets. The company has secured $120 million in insurance coverage for digital assets held within its U.S.-based solution, Crypto.com Custody Trust. This insurance policy, facilitated by Aon and underwritten through Lloyd’s of London, is designed to safeguard eligible assets and customers against crime, theft, and physical loss.

The insurance coverage, which extends until the first quarter of 2025, is divided into two primary components. The majority of the coverage, totaling $100 million, is allocated to protect against physical loss, theft, or damage to customer assets stored in cold storage. The remaining $20 million is designated for potential crime-related incidents or third-party theft. This comprehensive insurance plan underscores Crypto.com's commitment to securing its customers' assets and providing a top-tier custody solution.

Joe Anzures, the president of Crypto.com Custody Trust Company, highlighted the company's dedication to safety and security. "Our insurance policy arranged by Aon for assets within Crypto.com Custody Trust Company is the latest example of our efforts to safeguard our customers and provide a best-in-class offering our clients can be reassured by," he stated. This move is part of Crypto.com's broader strategy to expand its services and enhance its reputation in the North American market.

Crypto.com's expansion in North America includes the opening of a new office in Washington D.C., a strategic move that aligns with the positive shift in the U.S. regulatory landscape. The exchange has also recently partnered with Canary Capital Group to launch the Canary CRO Trust, an investment product that offers regulated exposure to the Cronos (CRO) token. These developments highlight Crypto.com's proactive approach to navigating the evolving regulatory environment and expanding its service offerings.

The insurance coverage secured by Crypto.com is a notable advancement in the broader context of crypto insurance. According to a recent report, comprehensive crypto insurance coverage by exchanges stands at only 22% as of 2025. The report also notes that about 74% of insured exchanges opt for coverage against crime and cyberattacks, with a focus on protection from hacks. This underscores the importance of Crypto.com's initiative in enhancing the security of digital assets and building trust among institutional clients.