Crypto custodian BitGo is now offering excess insurance on top of its $100M policy

Quick Take

  • BitGo is now offering excess insurance coverage to its clients, on top of its existing $100 million policy
  • The excess cover is being provided via the syndicates of Lloyds of London, Rodrigo Vicuna, CFO of BitGo, told The Block.

Cryptocurrency custodian BitGo is now offering excess insurance coverage to its clients, on top of its existing $100 million policy.

The “Excess Specie Insurance” is being offered via the syndicates of Lloyds of London, Rodrigo Vicuna, CFO of BitGo, told The Block. BitGo’s existing policy is also provided via the same insurance marketplace.

Vicuna said the move had been taken based