This article delves into the necessity of cryptocurrency insurance, analyzing the cybersecurity threats and theft risks faced by the cryptocurrency market, as well as how insurance can provide protection for investors and exchanges. It outlines the definition and coverage of cryptocurrency insurance and explains how it can help mitigate losses caused by scams, hacking, and other illicit activities. The article also lists several well-known cryptocurrency insurance providers, including Kase, CoinCover, EmBrokers, Nexus Mutual, and Athena Ins, discussing how they offer security for digital assets. It emphasizes the importance of adopting additional security measures and expresses optimism about the future development of decentralized insurance protocols.