AnchorWatch launched a bitcoin custody service with up to $370M in insurance per client. The coverage number matters more than the launch: insured custody is how institutions get comfortable holding $

What happened: AnchorWatch launched a Nevada-chartered bitcoin custody service with a $10,000 monthly fee cap and optional insurance of up to $370 million per client. Key numbers: $10,000 monthly fee cap; up to $370 million in insurance per client. Why it matters: The service pairs regulated state chartering with large per-client insurance coverage, an option aimed at institutional holders of bitcoin.

AnchorWatch launched a Nevada-chartered bitcoin custody service with a $10,000 monthly fee cap and optional insurance of up to $370 million per client.

The service pairs regulated state chartering with large per-client insurance coverage, an option aimed at institutional holders of bitcoin.