Bitcoin storage provider Elliptic will offer customers the option to be compensated for loss of stored funds in Bitcoins from today.
The introduction of this service comes after a number of users of Elliptic's storage vault requested the feature.
Elliptic's insurance policy is denominated in pounds sterling, but the company will now offer to convert any compensation to Bitcoins at the going market rate at the time of a payout from their insurance company.
Elliptic co-founder Tom Robinson has previously said that there was appetite to have a Bitcoin-denominated policy but said it was challenging due to the current volatility of the currency.
Elliptic also claims to have offered the world's first Bitcoin investment fund with insured protection via a partnership with Falcon Global Capital
The cryto-currency storage specialist said it has seen soaring demand from hedge funds, Bitcoin companies and law firms since the bankruptcy of major exchange Mt Gox.
Falcon have made the headlines in recent weeks after offering to purchase the bitcoins seized by the FBI from the Silk Road illegal marketplace.
Elliptic have also signed up law firm Selachii, which is filing a class action lawsuit against Mt Gox on behalf of over 400 of its former users, and will accept fees in bitcoins, which it will then store using Elliptic Vault.
Elliptic said it is in "advanced discussions" with a number of other hedge funds, Bitcoin exchanges and wallet services about using its insured cold storage service.
