Coinbase plans to integrate its secure crypto storage, Vaults, into more products, including institutional ones. Vaults use multi-party computing (MPC), where keys are distributed across multiple parties. This helps avoid a single point of failure.
- Vaults will be used for storage, exchanges, and other products.
- Keys are stored in different environments for increased security.
- Coinbase holds about $270 billion in customer assets.
🔒