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Bakkt Warehouse's Clients Can Now Buy '$500M in Additional Insurance Coverage'


Bakkt Warehouse's Clients Can Now Buy '$500M in Additional Insurance Coverage'

Intercontinental Exchange-backed crypto trading platform Bakkt has announced a growth in institutional clients for its Bitcoin custody services. According to a blog post by Bakkt President Adam White published on May 18, Bakkt has attracted more than 70 institutional clients to store their BTC using the regulated Bitcoin custody services of Bakkt Warehouse. White says that Bakkt partnered with the Digital Asset Risk Transfer team from insurance broker Marsh to offer clients the opportunity to buy an additional $500 million worth of coverage in addition to the existing $125 million of insurance at Bakkt Warehouse. Read More...