KuCoin Partners with Onchain Custodian to Get its Funds Backed by Lockton Insurance
04/20/2020, 15:00:03
Dear KuCoin Users,
KuCoin has completed a strategic cooperation with Onchain Custodian, Singapore's crypto asset custody platform. Onchain Custodian will offer custody service for the safekeeping of KuCoin crypto assets. The custodial funds will be backed by Lockton, the world's largest private insurance brokerage company.
KuCoin and Onchain Custodian will conduct insurance and custody cooperation in terms of fund security to ensure the security of the crypto asset market infrastructure from various aspects such as rules, processes, and technologies. KuCoin will continuously improve the security and compliance of crypto assets to create a safe trading environment for investors.
Founded in September 2017, KuCoin has grown into one of the most popular crypto exchanges. Now, KuCoin offers financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions around the world. One out of four crypto holders worldwide are with KuCoin.
Onchain Custodian offers a global, standardised, resilient, insured and compliant custody service for the safekeeping of institutional crypto asset investments with incomparable user experience. In 2019, it passed NCC encryption and application audits, and Lockton provided crypto and other asset insurance for Onchain Custodian's crypto asset custody platform.
The KuCoin Team