28 Apr '15, 3pm

Singaporean Bitcoin Exchange CoinHako Insures Holdings Through BitGo Partnership

Singaporean-based Bitcoin exchange, CoinHako, has integrated the BitGo digital currency security platform and insurance offering and will now be run with multi-signature wallets and a state-of-the-art platform, and their holdings will be insured against theft and hacks. The insurance offering is through an undisclosed A-rated insurer from XL Group, which covers up to $250,000 of losses for all BitGo customers. Clients can choose to increase the amount with a 1 percent flat fee. The security firm also provides transparency, improved management controls and internal checks for better monitoring of the exchange’s security. “We’re excited to have CoinHako’s Bitcoin exchange secured on our platform”, said BitGo CEO Mike Belshe. “The team at CoinHako has been a great development partner, and we fully support their focus on security as one of the core tenets of their business. I’...

Full article: https://bitcoinmagazine.com/20177/singaporean-bitcoin-exc...

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