FRG Wallet and unbound security - Coinbase acquires 2 companies in less than one week -

The listed crypto-asset exchange Coinbase has announced that the company has taken over the Israeli company Unoundund Security. The announcement follows that Coinbase acquired the cryptocurrency wallet FRG last week, and the adoption of Unbound aims at the “obligation of the company, the safest, safest and most trustworthy place for everyone to interact [Crypto Economy].”

Coinbase acquires Israeli company unbound and security

since then münzbasis (nasdaq: coin ), the company has acquired a number of smaller companies. The company acquired the Bison Trails company before listing at Nasdaq and on April 30, the cryptofocussed data analysis company SKEW announced that it was bought by Coinbase. The listed crypto-asset exchange continued to buy Zabo in August and in the first week of November Coinbase acquired the Agara company. In the past week, Coinbase has announced two further acquisitions.

on Tuesday, coinbase announced Unbound security, a company that works with multi-party computing technology. Coinbase claims that the multi-party calculation technology from Unbound "will play a fundamental role in Coinbase's product and security roadmap". The move will also increase the presence of Coinbase in Israel, emphasizes the crypto tour. Coinbase says Israel is "a breeding site for strong technology and cryptography talents".

In addition, Coinbase plans to "build a technology center in Israel that ensures that Coinbase is always up to date with the latest security and blockchain technology". The company emphasizes that it will gain knowledge of some of the most famous cryptography experts.

"With this takeover, Coinbase not only gives access to some of the most experienced experts for cryptographic security, including the co -founder and current vice president of Unbound Security, Guy Peer, who has more than 20 years of experience in cryptographic security, but also a presence in Israel, an established and rapidly growing technology center," added Coinbase In addition.

Coinbase bought FRG Wallet last week for an unnoted sum

six days before the announcement of the takeover of Unoundund Security it became known that Coinbase acquired the open source FRG wallet. Adam Traidman The co -founder and CEO of FRG said that FRG has grown to a community of 10 million customers since its foundation in 2014. "We would like to share the message that members of our team will continue our mission at Coinbase, where we will work together to make the power of decentralization even more users all over the world," wrote Traaidman on November 24 to FRG users.

TRAIDMAN also added that "nothing will change at the FRG wallet app", but in the future BRD wallet users will "have an optional migration path for self-storage" with Coinbase Wallet. In addition, the FRG users who migrate are given a "special gift", and Traidman added that FRG users should stay up to date in 2022 in 2022.

What do you think of the takeover of Unbound Security by Coinbase and the takeover of FRG last week? Let us know your opinion on this topic in the comments below.

Photo records : Shutterstock, Pixabay, Wiki Commons, Coinbase,