New Report from nobl Insurance Examines America’s Volatile But Accelerating Cryptocurrency Market, Suggests It Needs Insurance Not New Technology – Yahoo Finance

cryptocurrency market grew by 42% between 2018 and 2019” data-reactid=”11″>– Research reveals the cryptocurrency market grew by 42% between 2018 and 2019

DETROIT, Aug. 15, 2019 /PRNewswire/ — nobl Insurance released its most robust and insightful research study on cryptocurrency holders in the United States, which distinguished the trends and preferences in owned digital assets as well as U.S. residents’ willingness to invest over the next year.

CRYPTO, its first product, was created to give cryptocurrency owners peace of mind in the often-turbulent marketplace and will insure individual crypto investors up to $50,000 USD in the event they are subjected to a hack on an approved exchange.” data-reactid=”16″>The research was carried out in May 2019 in readiness for the new insurance company’s launch of the world’s first regulated hot wallet policy. nobl CRYPTO, its first product, was created to give cryptocurrency owners peace of mind in the often-turbulent marketplace and will insure individual crypto investors up to $50,000 USD in the event they are subjected to a hack on an approved exchange.

May 2019 saw 6.72 million new owners enter the market. The research suggests that about 25 million Americans are considering buying crypto in the coming 12 months. 37% of cryptocurrency holders own over $5,000 USD of assets and a further 8 percent hold over $50,000 USD in crypto.

$1 billion USD worth of cryptocurrency last year alone, the research reveals that just 10 percent keep their digital currency exclusively in offline cold storage. A further 39% use both, and a surprising 50% only use a hot wallet. Men have been the first on the uptake of cryptocurrencies, but women are now catching up at 35% percent of all owners. The report highlights that 44% of owners were over 35 years old, sitting mostly outside the millennial age group. As the movement to digital currencies expands, these stereotypes will be negated.

New York, California, Texas, and Florida, which make up 40% of all cryptocurrency holdings in the country. It suggests what current owners and non-owners are considering buying in the next 12 months.

$100 to $50,000 from the risk of an exchange hack.

●  Its technology monitors policyholders’ selected exchanges and provides immediate notices when a hack has been verified.

●  One policy can protect individuals on any of their approved exchanges. If an exchange is hacked and cryptocurrency is stolen, nobl will process the claim and pay out the individual.

Brandon Brown, CEO and co-founder of nobl Insurance, said: “We started this business to fix the consumer experience and start an insurance revolution by developing new products people want. This compelling research into cryptocurrency ownership in the U.S. is rarely published, and it has opened a rich vein of insights that will help shape the sector. It has enabled us to deliver valuable insurance products to the cryptocurrency community and through our dividend reward system, they get to share in its success too”.

pressoffice@nobilinsurance.com” data-reactid=”33″>For a copy of the full report please contact pressoffice@nobilinsurance.com

Michigan state. nobl plans to launch their first product within the coming months and roll out access across the U.S in 2020. Other products under development are a new cheaper AI driven auto product aimed at the 225 million drivers in the United States, and a flood and crop insurance that will harness weather and satellite data to help protect the millions of people, families and farmers affected by floods, landslides and natural disasters every year. nobl is committed to creating and offering easy, simple, affordable, straight-talking insurance to everyone.

New Hudson, MI 48165, United States Customer Services: +1-(857)-267-6625

  • For media, please contact the press office
  • For the public to download the full report, please visit www.noblinsurance.com/reg 
  • Brandon Brown – Chief Executive Officer
  • Nick Hurst – Chief Operating Officer
  • Greg Wixted – Chief Innovation Officer
  • Chris Fischer – Consulting Chief Technology Officer
  •  

    http://www.prnewswire.com/news-releases/new-report-from-nobl-insurance-examines-americas-volatile-but-accelerating-cryptocurrency-market-suggests-it-needs-insurance-not-new-technology-300902489.html” data-reactid=”67″>View original content:http://www.prnewswire.com/news-releases/new-report-from-nobl-insurance-examines-americas-volatile-but-accelerating-cryptocurrency-market-suggests-it-needs-insurance-not-new-technology-300902489.html

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