Coinbase cryptocurrency exchange is preparing to acquire Israel-based crypto custody infrastructure company Unbound Security.
Coinbase said in a statement: “As this technology eliminates the need for offline storage, NFTs are critical to enabling DeFi and other Web3 applications.” Coinbase plans to integrate MPC technology into its retail and corporate products over time.
Brief about Unbound Security: Unbound Security has raised at least $40 million in external financing to date and has over 70 employees.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
