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A comment on Please invest responsibly – an important message from the Coinbase team. Parent comment

Re:Please invest responsibly – an important message from the... by tedunangst on Friday December 08, 2017 @02:05PM (#15881041)
Some of it is insured (but unclear whether that includes cold or just hot funds).

My real question is how the insurance is denominated. Does it pay out in dollars or bitcoins? Did their insurance premium just go up 10x?

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Re:Please invest responsibly – an important message from the... by babaganoosh89 on Friday December 08, 2017 @02:17PM (#15881143) 

  All digital currency that Coinbase holds *online* is fully insured.
The way they word it, only their hot wallet is insured which is ~<2% of holdings. They definitely like to make it confusing.

https://support.coinbase.com/customer/portal/articles/166237...

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Re:Please invest responsibly – an important message from the... by thesehands on Friday December 08, 2017 @02:18PM (#15881159)
Indeed, no mention of insurance on the offline storage page: https://www.coinbase.com/security?locale=en
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