Best Free Crypto & DeFi Insurance of 2024

BitGo is the first digital asset company that has been focused exclusively on serving institutional clients since 2013. BitGo provides institutional investors with custody, staking, liquidity and security solutions. Active in both centralized and decentralized finance, BitGo offers market leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin. In 2020, BitGo launched BitGo Prime, Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. Most recently, BitGo launched institutional-grade DeFi, NFT and web3 services. BitGo processes approximately 20% of all global Bitcoin transactions, and supports over 700 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries.

Neptune Mutual is one of the most trusted insurance protocols in DeFi. Neptune Mutual is a decentralized parametric insurance protocol that protects DeFi from hacks and exploits. Neptune Mutual guarantees payouts for their designated cover pools. Users don't need to file individual claims. All policyholders will be paid the payouts once the incident is resolved. The entire process will take less than a week, making it much faster and more reliable.