Staying on the cutting edge of the cryptocurrency industry is difficult, with competitors falling prey to various risks all the time, such as being over leveraged, which the news makes evident seemingly every few months.
Distraction from the key issues of risk management and insurance leads to vulnerabilities that bring cryptocurrency companies down. Business development, hiring and finances often take up the forefront of the focus of business owners, which is understandable, but due diligence is even more important in a space as insatiable and volatile as cryptocurrency.
Digital assets can however be securely protected with the proper cryptocurrency insurance coverage. Specific industry exposure combines with overall cryptocurrency exposure to create an industry constantly teetering on the edge of one calamity or another, most often as a crypto lender or acting as a crypto exchange.