CoinCover provides cryptocurrency insurance-backed technology that protects digital assets from hacks, human error, and access loss through real-time threat detection and secure recovery solutions. The platform safeguards transactions and ensures rapid recovery of assets, mitigating risks associated with cyber threats and user mistakes.
Funding
$61.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The cryptocurrency ecosystem faces risks from cyber threats, human error, and loss of access to wallets, potentially leading to significant financial losses for individuals and institutions. Traditional insurance models often lack the real-time responsiveness and technical expertise required to effectively mitigate these risks in the rapidly evolving digital asset landscape.
Solution
CoinCover provides a technology platform designed to protect digital assets through a combination of real-time threat detection and secure recovery solutions. The platform offers advanced risk screening to secure transactions and prevent losses before they occur, guarding each transaction against a blocklist of malicious wallets. In the event of access loss, CoinCover facilitates rapid recovery of assets using encrypted, military-grade storage. This approach goes beyond traditional insurance by offering proactive monitoring, certified protection, and tailored coverage levels to address specific client needs.
Target Audience
CoinCover's primary customers include cryptocurrency exchanges, custodians, institutions, and individual users seeking to protect their digital assets from cyber threats, human error, and access loss.
Features
- Real-time threat detection to identify and prevent malicious activity.
- AssetCOVER: Advanced risk screening to secure transactions.
- ReCOVER: Ultra-fast backup plan for when customers lose access to their crypto assets.
- Secure, encrypted storage for rapid and secure asset recovery.
- Support for major cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and ERC-20 tokens.
- Flexible coverage levels to adapt to market movements and client needs.
- Multi-region coverage, excluding UK & US sanctioned countries.
- Analytics dashboard providing threat intelligence and usage insights.