As the Crypto industry matures, it seeks more acceptance and acknowledgement from mainstream players in the finance industry. Insurance is fast becoming an important anchor to attest to the crypto industry’s maturity, and to provide much needed security and credibility to the growing crypto investor community.
The The Wall Street Journal lays out some of the innovators who are helping bridge the gaps. Among them Parametrix and the products that are designed to add a layer of protection against cloud downtime, for businesses and their customers.
“Demand for cloud insurance has grown among crypto exchanges after traders and investors filed several lawsuits seeking millions of dollars in damages related to outages.”