Custody Cover: The Best Crypto Insurance Alternative for Centralized Exchanges

Back by popular demand, Custody Cover is here to help secure your assets on centralized exchanges. From FTX to Bybit, if there is one thing investors have learned it's that no centralized exchange is immune to risk. 

Protection from the leading crypto insurance alternative

Custody Cover is designed to protect against centralized exchange and custody risk for investors looking to safeguard $1 million or more in digital assets.* This is a key tool for any firms looking to protect their digital assets against exchange wallet hacks or other crime-related losses, or to have peace of mind if withdrawals are halted for 100 days or more.

Over $6 million paid out to Custody Cover holders

As the leading onchain insurance alternative, Nexus Mutual has paid out more than $6 million in claims specifically to Custody Cover holders (see Hodlnaut, FTX). Custody Cover is the best way investors can fully protect their assets against centralized exchange and custody risk.

Custody Cover is launching with options for seven of the most popular centralized exchanges. Protect your assets on:

• Coinbase 

• Kraken 

• Binance 

• OKX 

• Deribit 

• Bitmex 

• Bybit 

If there is another centralized exchange you would like to see listed, please reach out to our product team.

“We were already working on this product, but the recent hack with Bybit made it clear how critical it was to bring Custody Cover back to market,” said Hugh Karp, Founder at Nexus Mutual. “Even traditional banks have some sort of deposit protection, so it’s important to have similar options available in crypto.”

Any investors or funds looking to secure $1 million or more on a centralized exchange, please get in touch with our team today!

You’re Covered with Nexus Mutual

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* For more information, see Part A of the Crypto Cover Wording