The publicly listed crypto asset exchange Coinbase announced that it has acquired the Israeli company Unbound Security.The announcement was made after Coinbase’s acquisition of the cryptocurrency wallet BRD last week. The Unbound acquisition aims at the company’s “committed to providing anyone with the safest, most reliable and trustworthy place and [crypto economy]. “

Coinbase acquires Israeli company Unbound Security

since Coin Bank (Nasdaq: coin) After going public, the company acquired a number of smaller companies. Prior to the NASDAQ listing, the company acquired Bison Trails. On April 30, Skew, a data analysis company focused on encryption, revealed that it had been acquired by Coinbase. The publicly listed crypto asset exchange further acquired Zabo in August, and in the first week of November, Coinbase acquired Agara. Last week, Coinbase disclosed two other acquisitions.

Tuesday, Coinbase Announce Acquired Unbound Security, a company that uses multi-party computing technology. Coinbase asserts that Unbound’s multi-party computing technology “will play a fundamental role in Coinbase’s product and security roadmap.” The cryptocurrency exchange emphasized that this move will also increase Coinbase’s influence in Israel. Coinbase stated that it believes Israel is “a hotbed of strong technical and cryptographic talent.”

In addition, Coinbase plans to “establish a center of excellence in Israel to ensure that Coinbase remains at the forefront of security and blockchain technology.” The company emphasizes that it will gain insights from some of the most famous cryptographic experts.

“Through this acquisition, Coinbase not only has access to some of the most advanced cryptographic security experts in the world, including Guy Peer, the co-founder and current vice president of R&D of Unbound Security, who brings more than 20 years of cryptographic security experience, and is also in Israel. Mature and fast-growing technology centers conduct business,” Coinbase added.

Coinbase acquired BRD Wallet for an undisclosed amount last week

Six days before Unbound Security’s acquisition announcement, there was news that Coinbase had acquired the open source BRD wallet. Adam Traidman, co-founder and CEO of BRD explained that since its establishment in 2014, BRD has grown into a community of 10 million customers. Together to bring decentralization to more users around the world,” Traidman wrote to BRD users on November 24.

Traidman further added that “the BRD wallet application will not undergo any changes,” but in the future, BRD wallet users “will have an optional migration path to use Coinbase wallet for self-custody.” In addition, migrated BRD users will receive “Special gifts,” Traidman added, BRD users should continue to pay attention in 2022. The native token bread (BRD) tied to the BRD community has seen the value of the tokens inflate by more than 500% in the past week and still rose by 460% at the time of writing.

What do you think of Coinbase’s acquisition of Unbound Security and BRD last week? Please tell us your thoughts on this topic in the comments section below.

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