Coinbase forays into Israel market with Unbound Security acquisition | CryptoSlate


Leading cryptocurrency exchange Coinbase is all set to acquire a cryptographic security company called Unbound security, an Israel-based firm that offers a protected multi-party computational technology. The exchange is also looking forward to establishing its independent research facility in the region.

Coinbase’ new acquisition offers secure crypto transactions

As per the official blog post, Coinbase will be acquiring Unbound Security, a company that offers a unique cryptographic security technology that can assist the exchange in conducting secure crypto transactions.

How To Get Free Crypto  

The exchange further stated that Unbound is the first mover on cryptographic technology that offers a special ” multi-party computational technology that employs advanced mathematics to promote easier storage and transfer of digital assets.

The post also highlights the need to protect the user’s wallets from regular hacking attempts that have gone rogue over the past few years. The exchange further explained that Unbound’s multi-party technology has been designed to deliver the security benefits of cold storage wallets, which generally store the user’s private keys in an offline mode.

Coinbase to establish a tech base in Israel

Coinbase has also confirmed its plans to establish a technology center in Israel, a type of research facility that will stimulate and spearhead crypto activities in the region.

The exchange further reiterates that the acquisition of Unbound will “form the nucleus” of a new research team comprising subject experts and professionals that will help the exchange solidify its position in the region. The blog post added:

Coinbase Banner  

“We’ve long recognized Israel as a hotbed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields. The Unbound Security team will form the nucleus of this new research facility, which we plan to grow over time.”

This isn’t the first time when Coinbase has decided to expand its international reach. The exchange had earlier launched a tech hub in India, followed by establishing another engineering hub in Brazil and Singapore.

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Go to Source
Author: Juhi Mirza

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.