Insurance coverage is not important in crypto currency. It just add to the expenses to the investors, further, how could a insurance company pays crypto holders in something happen in the exchange? We are decentralized and we move in our own risk.
I kinda agree with that.No insurance company will pay anything to the crypto exchange customers,if the crypto exchange platform itself turns out to be an exit scam.Saying that a crypto exchange has insurance will create a false sense of security and more people will join and put their coins into a possible exit scam.
The crypto trading risk can't be reduced by insurance.