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Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Onedegree, a virtual insurer based in Hong Kong, will provide insurance services for digital assets as part of a partnership with a local cryptocurrency exchange. By working together, the two firms hope to alleviate concerns discouraging potential investors from entering the crypto market. Onedegree to Underwrite Insurance Policies for Crypto Assets Hong Kong has several licensed providers of virtual insurance services and one of them, Onedegree, will now offer up to $100 million in coverage to Hkbitex, a crypto trading platform operating in the global financial hub. The two companies…

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