{"id":2950,"date":"2018-10-04T18:22:10","date_gmt":"2018-10-04T18:22:10","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=2950"},"modified":"2018-10-04T18:23:24","modified_gmt":"2018-10-04T18:23:24","slug":"gemini-exchange-secures-digital-asset-insurance","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/","title":{"rendered":"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE"},"content":{"rendered":"
\"\"<\/a>
First published on cointelegraph.com on 03 Oct 2018<\/figcaption><\/figure>\n

The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon. \u00a0<\/strong><\/p>\n

The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release\u00a0said<\/a>\u00a0is was arranged by a professional services firm called Aon who organized a collective of leading insurers.<\/p>\n

\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n

<\/h2>\n

Digital Assets Insurance \u2013 Gemini \u2013 Medium<\/h2>\n

After a series of due diligence roadshows with industry-leading insurers, we are pleased to announce that we have secured insurance\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The new virtual asset insurance coverage now stands alongside FDIC insurance for U.S. Dollars.<\/p>\n

Head of Risk at Gemini, Yusef Hussain,\u00a0wrote<\/a>\u00a0in an October 3rd<\/sup>\u00a0Medium<\/em>\u00a0post how the company was able to secure coverage \u201c[\u2026] after a series of due diligence roadshows with industry-leading insurers\u201d<\/p>\n

Hussain noted how Gemini was able to successfully show investors how it was a secure and safe exchange, and custodian, for users to buy, sell, and store virtual currencies.<\/p>\n

Responses on the\u00a0Medium<\/em>\u00a0post were generally positive.\"\"<\/a><\/p>\n

One person noted how the news was great for \u201cpeople who are on the fence with Crypto-investments in the US.\u201d\u00a0 Another congratulated Gemini for securing coverage \u201cwith a custodial model economically.\u201d<\/p>\n

SKEPTICISM ABOUT CRYPTO INDUSTRY INSURANCE<\/strong><\/h3>\n

According to Hussain, plenty of insurers have shied away from extending coverage into the cryptocurrency world due to concerns about hacks and perceptions about poor security and internal control standards.<\/p>\n

However, Hussain\u00a0says<\/a><\/p>\n

Consumers are looking for the same levels of insured protection they\u2019re used to being afforded by traditional financial institutions<\/p><\/blockquote>\n

Some are speculating<\/a>\u00a0Gemini has been working to secure insurance coverage in order to demonstrate to current (and potential) customers how they stand as a safe entity in a cryptocurrency world with many legal grey areas.<\/p>\n

THE WINKLEVOSS BROTHERS PUSH FORWARD<\/strong><\/h3>\n

The insurance announcement looks to be a good start to the month for the Gemini exchange and its co-founders Cameron and Tyler Winklevoss, who\u00a0received an approval<\/a>\u00a0from New York regulators in September for their stablecoin.<\/p>\n

Bitcoinist<\/em>\u00a0reported<\/a>\u00a0in early September how the Gemini dollar, tied to the USD at a 1:1 ratio, would be backed by the firm State Street.<\/p>\n

The cryptocurrency\u00a0has drawn the approval<\/a>\u00a0of Bitcoin Foundation founder Charlie Shrem, who remarked how the Winklevoss brothers had built what would come to be the \u201cGolden Gate Bridge, the Verrazzano Bridge\u201d in the field. Shrem also said the stablecoin would span across decades.<\/p>\n

\"Winklevoss\"<\/p>\n

Before tweeting out the\u00a0Medium<\/em>\u00a0post on October 3rd<\/sup>, Gemini\u00a0made note<\/a>\u00a0of how the Gemini dollar is now officially listed on the OEX.com digital exchange.<\/p>\n

The exchange\u00a0looks to be gearing up<\/a>\u00a0for major competition with other leading companies like Coinbase and Bithumb in the United Kingdom after reporting by the\u00a0Financial Times<\/em>\u00a0alleged the platform had hired consultants to try and hash out an expansion project in the region.<\/p>\n

Currently, Coinbase has secured an e-money license from UK regulators and enjoys a banking partnership with Barclays. Bithumb is currently planning to create an office in the UK by the end of 2018.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon. \u00a0 The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release\u00a0said\u00a0is was arranged by a professional services firm called Aon who …<\/p>\n","protected":false},"author":1,"featured_media":2952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[15],"tags":[],"aioseo_notices":[],"yoast_head":"\nGEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon. \u00a0 The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release\u00a0said\u00a0is was arranged by a professional services firm called Aon who …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"AtoZcrypto\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-04T18:22:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-04T18:23:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/10\/brothers_bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"AtoZcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AtoZcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/\",\"url\":\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/\",\"name\":\"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE - AtoZcrypto\",\"isPartOf\":{\"@id\":\"https:\/\/atozcrypto.org\/#website\"},\"datePublished\":\"2018-10-04T18:22:10+00:00\",\"dateModified\":\"2018-10-04T18:23:24+00:00\",\"author\":{\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/atozcrypto.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/atozcrypto.org\/#website\",\"url\":\"https:\/\/atozcrypto.org\/\",\"name\":\"AtoZcrypto\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/atozcrypto.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b\",\"name\":\"AtoZcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g\",\"caption\":\"AtoZcrypto\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE - AtoZcrypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/","og_locale":"en_US","og_type":"article","og_title":"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE - AtoZcrypto","og_description":"The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon. \u00a0 The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release\u00a0said\u00a0is was arranged by a professional services firm called Aon who …","og_url":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/","og_site_name":"AtoZcrypto","article_published_time":"2018-10-04T18:22:10+00:00","article_modified_time":"2018-10-04T18:23:24+00:00","og_image":[{"width":1140,"height":570,"url":"https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/10\/brothers_bitcoin.jpg","type":"image\/jpeg"}],"author":"AtoZcrypto","twitter_card":"summary_large_image","twitter_misc":{"Written by":"AtoZcrypto","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/","url":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/","name":"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE - AtoZcrypto","isPartOf":{"@id":"https:\/\/atozcrypto.org\/#website"},"datePublished":"2018-10-04T18:22:10+00:00","dateModified":"2018-10-04T18:23:24+00:00","author":{"@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b"},"breadcrumb":{"@id":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/atozcrypto.org\/gemini-exchange-secures-digital-asset-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/atozcrypto.org\/"},{"@type":"ListItem","position":2,"name":"GEMINI EXCHANGE SECURES DIGITAL ASSET INSURANCE"}]},{"@type":"WebSite","@id":"https:\/\/atozcrypto.org\/#website","url":"https:\/\/atozcrypto.org\/","name":"AtoZcrypto","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/atozcrypto.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b","name":"AtoZcrypto","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g","caption":"AtoZcrypto"}}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/2950"}],"collection":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/comments?post=2950"}],"version-history":[{"count":3,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/2950\/revisions"}],"predecessor-version":[{"id":2956,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/2950\/revisions\/2956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/media\/2952"}],"wp:attachment":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/media?parent=2950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/categories?post=2950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/tags?post=2950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}