OneDegree, a multi-business online insurer, has signed a partnership agreement with HKbitEX, a cryptocurrency [4] asset exchange platform.
The agreement allows OneDegree to provide up to 100 million USD of insurance coverage for the company's digital assets against cyber risks, hacking and theft.
OneDegree thus becomes the first insurer to bring cryptocurrency coverage to market in Asia.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Ffirst-cryptocurrency-insurance-in-asia&text=First+cryptocurrency+insurance+in+Asia
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Ffirst-cryptocurrency-insurance-in-asia&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-185-november-2021
[4] https://www.atlas-mag.net/en/article/cryptocurrency-a-new-niche-for-insurers