Press Release

CDx: Powering Crypto Insurance

CDx is bringing a new asset class to the decentralized financial (DeFi) system. Join our community!

CDx is building a smart contract protocol to allow cryptocurrency investors to protect their assets from credit risk. You can think of CDx as insurance against exchange hacks for crypto investors and traders.

Initially CDx is planning on offering swap markets on Bitfinex, Coinbase Pro, Binance, Huobi, and Bittrex. With plans to quickly expand coverage to OKEx, Bibox, HitBTC, and Kraken.

Major exchange hacks such as Mt. Gox and Coincheck have contributed to the over $12B stolen from exchanges since 2011, and 2018 is on pace to be the worst year on record for hacks with nearly $1 billion of coins and tokens stolen.

Tags: zrx, 0x, loopring, polymath, Ethereum, blockchain, civic, tether, decentraland, funfair, golem, augur, aion, dharma, trading, bitmex