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Crypto.com secures $120m insurance for U.S. custody platform
Crypto Trends

Crypto.com secures $120m insurance for U.S. custody platform

by admin June 25, 2025



Crypto exchange Crypto.com has announced it secured $120 million in insurance coverage for digital assets held in Crypto.com Custody Trust, its U.S.-based solution.

The exchange said in an announcement that the $120 million insurance cover is arranged by Aon, a London-based insurance company. Aon worked with underwriters via Lloyd’s of London to assess Crypto.com’s risk management, the exchange wrote in a blog post.

Crypto.com Custody Trust Company offers crypto custody solutions for North American digital assets and institutions. The insurance plan aims to protect eligible assets and customers against crime and theft.

 “We built Crypto.com on a foundation of safety and security,” said Joe Anzures, president of Crypto.com Custody Trust Company. “Our insurance policy arranged by Aon for assets within Crypto.com Custody Trust Company is the latest example of our efforts to safeguard our customers and provide a best-in-class offering our clients can be reassured by.”

According to details, the insurance coverage includes the first quarter of 2025. Most of the insurance total, $100 million, is for physical loss, theft, or damage to customer assets in cold storage. Meanwhile, $20 million will cover potential crime-related incidents or third-party theft.

Crypto.com’s expansion

A recent report by CoinLaw indicates that comprehensive crypto insurance coverage by exchanges stands at only 22% as of 2025. The report notes that about 74% of insured exchanges opt for coverage against crime and cyberattacks, with a focus on protection from hacks.

Notably, insurance claims payouts tied to crypto exchange hacks between 2022 and 2024 totaled about $1.8 billion.

Crypto.com’s expansion in North America includes the opening of its new office in Washington D.C., with this move coming on the back of a positive shift in the U.S. regulatory landscape. The exchange is among the crypto companies that saw the Securities and Exchange Commission end its investigation against it amid a flurry of such closures.

Growth also saw Crypto.com recently  partner with Canary Capital Group to unveil the Canary CRO Trust, an investment product that provides regulated exposure to the Cronos (CRO) token.



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June 25, 2025 0 comments
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Crypto.com And Nexapace Partner To Power Crypto Gaming Payments 
Crypto Trends

Crypto.com and NEXAPACE partner to Power Crypto Gaming Payments

by admin May 30, 2025



Crypto.com is working together with NEXAPACE, the Web3 branch of Nexon, by signing an MOU. This partnership will add the Crypto.com Pay service to NEXAPACE’s game and blockchain network.

Users on NEXAPACE platforms can now pay safely and easily across all games and the marketplace using several cryptocurrencies, thanks to Crypto.com Pay.

Along with payment tools, the two companies will also identify and develop wider areas of collaboration. For Example, they work on customer proxy programs, develop NFT concepts, partner in marketing, and join in producing innovative blockchain games. 

“We are thrilled to partner with a forward-thinking innovator like NEXPACE that shares our vision of the power of digital payments,” said Eric Anziani, President and COO of Crypto.com. “Integrating Crypto.com Pay into NEXPACE’s ecosystem represents a major milestone in providing seamless payment infrastructure to the next generation of gamers.”

Sunyoung Hwang, CEO of NEXPACE, echoed the enthusiasm: “This partnership represents our commitment to building intuitive and open digital economies for our global player base. By integrating Crypto.com Pay, we hope to further reduce friction in blockchain gaming and continue driving efforts in enhancing the overall gaming experience for users worldwide.”

NEXAPACE  is spearheading Nexon’s plan to use blockchain. It follows in the wake of MapleStory Universe, which just became a blockchain-powered gaming ecosystem.  Nexon is a Korean company leading the way worldwide in gaming, running over 100 live games across 190 nations, and is famous for MapleStory, Dungeon & Fighter, and KartRider.

The agreement shows that Web3 is coming together with real-time payment networks. The alliance brings together Crypto.com’s resourceful crypto wallet and NEXPACE’s advanced blockchain networks to encourage new ideas, wider access, and better enjoyment in future digital entertainment.

Also Read: XRP Strike Options Go Live on Crypto.com Amid ETF Hype



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May 30, 2025 0 comments
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