Nexus Mutual Now Protects Coinbase, Binance Users

Nexus Mutual is now offering centralized exchange cover. The protocol will compensate users who lose 10% of their funds or experience prolonged withdrawal halts.  

Nexus Mutual, DeFi’s most popular insurance protocol, has just added “custody cover.”

According to an announcement on the Nexus Mutual blog, the cover “will protect users who put funds into an organization which is responsible for the safekeeping of private keys to cryptocurrency assets.”

That includes major exchanges like Coinbase and Binance. The service went live today.