Crypto platform Ziglu rolls out insurance programme for customers

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London-based cryptocurrency challenger, Ziglu today launched an insurance programme for customers holding cryptocurrencies. The company stated that each customer’s cryptocurrency holdings are insured against cybercrime up to a value of £50,000 at all times and held in a segregated account. Majority of customer assets have been stored in offline wallets, thus deeming them inaccessible via the internet.

Mark Hipperson, Founder & Chief Executive Officer of Ziglu, said, “One of the biggest concerns for users is the safekeeping of their funds and cryptocurrencies. Ziglu’s insurance programme brings peace of mind to existing customers or those dipping their toes into cryptocurrency for the first time.”

Recently, the company announced the completion of its seed funding round after raising £5.25 million from UK FinTech investors and entrepreneurs. Ziglu aims to enable customers to exchange money into digital currencies securely, including Bitcoin, Ether, Litecoin & Bitcoin Cash at competitive prices and monitor their balances in real-time. Ziglu states that it model comprises of no hidden fees or transaction charges and offers a multi-currency account for users wanting security along with owing both cryptocurrency and regular money.

According to Ziglu, customers are currently looking for financial inclusion, accessibility and control in the cryptocurrency space. It expects to provide users with safe access to best-price crypto with the ability to spend, exchange and send your money, regardless of currency where, when and how users want.