The Canadian cryptocurrency exchange Shakepay has taken out cold wallet insurance to protect consumers.

Montreal-based cryptocurrency exchange Shakepay has hired blockchain forensics firm CipherBlade to conduct a comprehensive review of its governance and security, reports CoinDesk. The exchange announced today that it has announced the rights to the portfolio by Aon, an insurance company acquired by Lloyds of London, choosing a third-party agent to protect consumers' money. Shakepay CEO Jean Amiouny said the exchange encourages buying and selling of Bitcoin, but does not store crypto assets for consumers when needed. This reduces the risk of theft from users.