100.59% of Netcoins client funds are stored in a cold storage vault

Although our decision document requires Netcoins to hold over 80% of user funds in cold storage, Netcoins’ has a percentage cold storage reserve balance of 100.59% of its client funds across all tokens. ‘Any custodied cryptocurrency asset that is not held in a cold storage vault is held in hot wallets within Fireblocks and is insured by CoinCover. Crypto asset key material secured by Coincover is 100% insured against loss or theft. Coincover is based in the United Kingdom and is regulated by the U.K. Financial Conduct Authority.’  See full report here.