Crypto lending firm PawnHub has announced its partnership with a leading US-based custodian to provide $100 million in insurance coverage for its clients.
3rd February 2020, Hong Kong – Hong Kong-based crypto lending firm PawnHub.io is the first company of its type to obtain a license from the Government of Hong Kong. The firm will partner with a leading US-based cryptocurrency custodian, to provide insurance coverage for clients’ Bitcoin assets of up to $100 million USD anywhere in the world.
Crypto lending is fast becoming an integral part of the crypto ecosystem with PawnHub being the first regulated crypto lending firm to be based in Asia; home to some of the worlds biggest cryptocurrency nations, such as South Korea, Japan, China, Hong Kong and Singapore.
Cryptocurrencies have been around for less than a decade, and major financial instruments that are commonplace with fiat, such as loans and bonds, are just getting started in the cryptocurrency economy.
Statistics that support the rapid growth of the crypto…