Bitstamp will report counterfeit insurance products to protect users of crypto assets.

According to an Oct.16 Financial Magnates report, Bitstamp said on Thursday that it had obtained additional security coverage from the global market, which includes digital assets in consumers. Insurance companies have announced that they will launch counterfeit insurance products that protect against offline savings or “cold wallets” to prevent theft or direct loss. Apparently, Bitstamp has selected Paragon International Insurance Brokers and Woodruff-Sawyer & Co., the underwriters involved in the brokerage transactions, to provide insurance policy rights to Lloyds of London.