Technology

Hong Kong virtual insurer OneDegree partners with start-up in maiden cryptocurrency insurance foray

Hong Kong virtual insurer OneDegree partners with start-up in maiden cryptocurrency insurance foray

Hong Kong virtual insurer OneDegree has partnered with cryptocurrency exchange Hong Kong Digital Asset Exchange (HKbitEX) to offer insurance for cryptocurrencies, as they try to address concerns holding back institutional investors from investing in the US$3 trillion asset class. OneDegree, one of four virtual insurance licensees in Hong Kong tasked with promoting the wider use of insurance technology, or insurtech.

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