They may, but it again goes back to costs. Do any crypto exchanges in fact carry such insurance in a verifiable manner? (It's cheaper to _say_ they have a Llo

They may, but it again goes back to costs. Do any crypto exchanges in fact carry such insurance in a verifiable manner? (It's cheaper to _say_ they have a Lloyd's of London policy than it is to actually have one, after all). I also didn't get into it in the parent comment, but deposit insurance also may not be suitable for those who are deliberately taking advantage of the pseudonymous nature of cryptocurrency. In the event of an exchange failure, the insurer or trustee would obviously need to know the personal details of the account-holder in order to remit payment. Keeping such contact information up-to-date and verified would replicate many of the same know-your-client rules that exchanges hate to follow.