CoinCorner Launches Lloyd's-Insured Bitcoin Custody With AnchorWatch
CoinCorner, a UK-based Bitcoin exchange, launched a custody service for UK customers using multisignature technology with co-custody partner AnchorWatch. The vault carries Lloyd's of London insurance, charges a 1.5% annual fee, and includes coverage limits for retail users.
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Story Updates
- Updated Sep 12, 2026, 12:02 AM: Coverage limits for retail users added to Lloyd's insurance description per 99Bitcoins reporting.
Service Launch Details
CoinCorner introduced a multisignature Bitcoin custody vault designed for UK customers, according to announcements from the exchange and Bitcoin Magazine. The service divides key control between CoinCorner and AnchorWatch, a co-custody provider, using multisig technology to ensure neither party can unilaterally access customer funds. CoinCorner charges a 1.5% annual fee for the service.
Insurance and Security Model
The vault is insured through Lloyd's of London, providing coverage against loss or theft subject to specified coverage limits. By splitting custody keys between two independent entities, the arrangement reduces counterparty risk relative to single-custodian models. CoinCorner framed the service as an option for UK customers seeking institutional-grade asset security without moving funds off-exchange entirely. According to 99Bitcoins, the offering targets retail users while maintaining the two-company signing requirement.
Market Context
The launch reflects broader movement in the custody space toward multisig arrangements and insured offerings, particularly in Europe. UK-regulated exchanges have faced increasing pressure to offer custody solutions as part of their product stack. CoinCorner's 1.5% annual fee sits in the midrange of professional custody pricing, which typically spans 0.25% to 2% depending on asset size and provider.
Why It Matters
For Traders
UK-based traders now have an insured multisig custody option at CoinCorner with clearly defined coverage limits, reducing single-exchange counterparty risk.
For Investors
Lloyd's-insured multisig custody at retail pricing scales institutional-grade security infrastructure beyond high-net-worth segments.
For Builders
Multisig custody partnerships demonstrate a sustainable model for infrastructure providers; AnchorWatch's role shows how co-custody can distribute risk without centralized chokepoints.
This article is for information only and is not financial advice. Read the full disclaimer.
