Custody Cover
Holding crypto on a centralized exchange means fully trusting that institution with your assets. If withdrawals are halted (for 100 days or longer) or there’s a loss greater than 10% passed on to all users, Custody Cover from Nexus Mutual protects you.
Protects against a loss of funds due to:
Halted withdrawals (100 days or more)
10% or higher, exchange wide user haircut
CEX bankruptcy
Custom custody solutions
Overview
Browse listings
Cover Overview
Who is this for?
Custody Cover is for investors and institutions holding significant crypto on a centralized exchange. After FTX halted withdrawals in 2022, Nexus Mutual paid out more than $5.2 million to members who held Custody Cover, one of the largest claims events in our company history.
Why is it useful?
Centralized custodians carry inherent operational risks that could impede withdrawals, including bankruptcy, insolvency and more. One of the most important lessons from 2022 is that custody risk is real, and Custody Cover from Nexus Mutual has proven to be effective when it matters most.
Have questions about securing your crypto?
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