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Coinbase to Acquire Cryptographic Security Firm, Unbound Security -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — Crypto exchange Coinbase Global Inc (NASDAQ) announced it would acquire Unbound Security, a cryptographic security firm.

Coinbase shares fell 0.7% Tuesday.

Unbound Security, based in Israel is a prominent cryptographic security technology provider, including secure multi-party computing (MPC), which is currently in development.

Coinbase stated that it would not only gain access to Guy Peer (Unbound Security founder and Vice President for Research and Development), but also establish an Israeli presence.

Coinbase’s new Hub in Mexico adds to the company’s recent achievements engineering talent base expansionsIndia, Singapore, Brazil.

“Crypto can’t grow without strong cryptography and strong security, but it also needs to be user friendly,” said Coinbase in a blog post.

“Secure Multi-Party Computing is an application mathematics that allows crypto assets stored, transferred, and deployed more securely than ever before, it was added.

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