Without a shred of doubt, cryptocurrency is quite a scary arena. Cyberattacks still happen which leave funds vanished in a fraction of a second. Despite the continuous struggle to make cyberspace clean of malicious actors and hackers, they still pave their way and are a constant threat to cybersecurity till date.
With this looming threat in view, nobl Insurance offers hot wallet insurance – Nobl CRYPTO since hot wallet has been massively attacked in the past. With its insurance policy, nobl Insurance encourages its policy users to stay in the cyberspace by making them relaxed enough to invest. Policy customers will be compensated for their stolen or hacked funds up to a hefty fifty-thousand dollars ($50,000).
What is the nobl Insurance cryptocurrency report?
This insurance company has published a report just recently, which details various surprising facts regarding the cryptocurrency space and the likely behavior one might witness within its outskirts.
As per the report, out of all the crypto traders, around fifty percent (50%) make use of hot wallet storage. Whereas thirty-nine percent (39%) rely on both hot and cold wallet storage. Remaining ten percent (10%) accounts for the crypto traders using only offline cold storage.
Initially, crypto space was occupied by men alone, but now things are changing for good. New statistics show that women are taking more and more interest in this new digital technology and now have taken up approximately thirty-five percent (35%) of the total crypto space.
The report suggests that since 2018, seven million new traders have joined this new technology and in the coming 12 months, thirty-seven percent (37%) population of America will also enter the crypto space for investments.
As far as the ownership of crypto assets is concerned, over five thousand dollars ($5,000) is owned by thirty-seven percent (37%) of the traders. Whereas, $50,000 or above is owned by an eight percent (8%) only. Most importantly, forty percent (40%) crypto space is occupied by investors from California, New York, Florida, and Texas.