(Coinbase) Coinbase has purchased Israeli cryptographic firm Unbound Security for an undisclosed amount.
The crypto exchange says the acquisition of Unbound Security underlines its commitment to provide the most secure and safe venue for users.
Coinbase cites Unbound’s world-class multi-party computational excellence that will play a role in its search for product safety and security.
The US crypto exchange expects the purchase of Unbound to enable it to establish a tech center of excellence in the native country Israel, which it considers to have one of the most advanced innovation hubs.
Multi-party computation allows crypto assets to be deployed, stored, and moved securely, flexibly, and easily.
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