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11/30/2021, 3:11 PM (Source: TeleTrader)
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Coinbase to buy cryptographic security firm Unbound Security

Coinbase Global announced on Tuesday it reached an agreement to acquire Unbound Security, an Israeli based cryptographic security company.

"With this acquisition, Coinbase not only gains access to some of the world’s most sophisticated cryptographic security experts, including Unbound Security co-founder and current Vice President of Research and Development, Guy Peer, who brings more than 20 years of experience in cryptographic security, but also a presence in Israel, a well-established and rapidly growing technology hub," Coinbase said in a blog post.

The financial details of the transaction, which is expected to close in the coming months, have not been disclosed.

Baha Breaking the News (BBN) / NP