All digital assets that we hold in online storage are fully insured. This means that if we were to suffer a breach of online storage, the insurance policy would pay out to cover any customer funds lost as a result.
The insurance policy covers any losses resulting from a breach of physical security, cyber security, or by employee theft. The policy is provided by a syndicate of insurers through Lloyd’s of London.
We hold less than 2% of customer funds in online storage. The rest is held in offline storage.
This insurance policy does not cover any losses resulting from the compromise of your individual account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access GDAX.
We store all customer USD, GBP, and EUR in segregated custodial bank accounts. The funds held in those accounts belong to the relevant customers.
For US customers, your USD balance is covered by FDIC insurance, up to a maximum of $250,000.