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Coinbase Acquires Cryptographic Security Firm Unbound for Undisclosed Sum

Coinbase Acquires Cryptographic Security Firm Unbound for Undisclosed Sum

Coinbase Acquires Cryptographic Security Firm Unbound for Undisclosed Sum

As part of the acquisition, Coinbase will also establish a presence in Unbound’s native Israel.

As part of the acquisition, Coinbase will also establish a presence in Unbound’s native Israel.

As part of the acquisition, Coinbase will also establish a presence in Unbound’s native Israel.

By Jamie Crawley
AccessTimeIconNov 30, 2021, 2:36 PM
Updated May 11, 2023, 6:02 PM
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Crypto exchange Coinbase has acquired cryptographic security company Unbound Security to expand its multi-party computational (MPC) capabilities.

  • Coinbase considers Unbound Security to be a pioneer in MPC, a subset of cryptography that allows multiple parties to evaluate a computation without any of them revealing their own private data.
  • With the acquisition, Coinbase will also establish a presence in Unbound’s native Israel, according to a blog post Tuesday.
  • Financial terms of the acquisition were not disclosed. Coinbase did not immediately respond to CoinDesk’s request for comment.
  • “Secure multi-party computation is an application of advanced mathematics to enable crypto assets to be stored, transferred and deployed more securely, easily and flexibly than ever before,” Coinbase wrote in its blog post.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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