To protect the security of user assets, Coinbase wants to set up an exclusive insurance company.

According to industry sources, the cryptocurrency exchange Coinbase is negotiating with the establishment of a compliant, exclusive insurance company with the help of insurance broker Aon.

The establishment of a dedicated insurance subsidiary, wholly owned by the insured, is a way for companies to reduce costs and improve the import of the reinsurance market [an insurance purchased by insurance companies to reduce risk]. According to an article published by the CPA Journal in December 2018, Fortune 500 companies and thousands of medium-sized companies have almost exclusive companies.

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