Today, the Winklevoss twins launched their own insurer to enhance coverage for Bitcoin and other crypto-assets.
Winklevoss Twins Cover Their Assets
According to most experts, lack of insurance and proper custody services are hampering the mass adoption of crypto assets.
So, to address this issue, the Winklevoss twins launched a captive insurance company, Nakamoto, Ltd. (Nakamoto). The purpose of Nakamoto is to insure crypto assets covered by Gemini Custody. At the launch, Cameron Winklevoss stated,
Insurance is one of the main barriers to crypto mass adoption. Gemini has created a captive insurance company to address this. Obtaining meaningful insurance in the crypto industry remains a challenge, and our captive will help to increase our insurance capacity and move the industry forward.
Cameron and Tyler Winklevoss’s purpose is to…
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