Is Kraken the only cryptocurrency exchange with FDIC insurance?

3 answers

• Md LokmanMay 21, 2024 · 2 years ago
  Yes, there are other cryptocurrency exchanges that offer FDIC insurance. While Kraken is one of the few exchanges that provides this type of insurance, there are a few others in the market. For example, Gemini and Coinbase also offer FDIC insurance for their users' USD deposits. However, it's important to note that FDIC insurance only covers USD deposits and not cryptocurrencies themselves.
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• Shcholkin MichaelMar 02, 2021 · 5 years ago
  No, Kraken is not the only cryptocurrency exchange with FDIC insurance. While they are one of the few exchanges that offer this type of insurance, there are other options available. For instance, Gemini and Coinbase also provide FDIC insurance for USD deposits. However, it's crucial to understand that FDIC insurance only applies to USD deposits and not cryptocurrencies.
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• M Osama javaid WaraichMay 01, 2025 · 7 months ago
  Yes, besides Kraken, there are a few other cryptocurrency exchanges that offer FDIC insurance. Gemini and Coinbase are two popular exchanges that also provide this type of insurance for USD deposits. It's important to consider the level of insurance coverage and the specific terms and conditions offered by each exchange before making a decision.
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