Nexus Mutual Offers Cover on Centralized Exchanges
Cryptocurrency investors are now able to buy insurance on centralized exchange deposits via Nexus Mutual. Mutual members who have verified their identity with Nexus can purchase insurance claims on select centralized custodians including Celsius, BlockFi, Nexo, inLock, Ledn and Hodlnaut. NXM holders are also able to stake tokens on behalf of these custodians, essentially stating…
By: Cooper Turley •
DeFi
Cryptocurrency investors are now able to buy insurance on centralized exchange deposits via Nexus Mutual. Mutual members who have verified their identity with Nexus can purchase insurance claims on select centralized custodians including Celsius, BlockFi, Nexo, inLock, Ledn and Hodlnaut. NXM holders are also able to stake tokens on behalf of these custodians, essentially stating…
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