Showing 1 Result(s)

Coinbase to acquire crypto custody technology firm Unbound Security

Coinbase is continuing its acquisition spree. The U.S.-based crypto exchange operator is now set to acquire Unbound Security, an Israeli crypto custody infrastructure firm specializing in multiparty computation (MPC) technology. MPC technology provides security as well as usability for crypto assets. In other words, it combines the benefits of offline (“cold”) storage and online (“hot”) wallets. “This technology is critical in making NFTs [non-fungible tokens], DeFi [decentralized finance] and other Web3 applications possible as it negates the need for offline …