Coinbase Highlights Multi-Party Computation (MPC) in S-1 Filing

Coinbase’s pre-IPO valuation recently surpassed $100 Billion, an incredible achievement for any company. Consistent with such filings, Coinbase submitted a S-1 filing with the US Securities and Exchange, where it provides noteworthy insights and considerations for potential investors. In this filing, Coinbase explicitly calls out the use of multi-party computation as one of four noteworthy bullets describing their platform, and a key component of their cybersecurity and cryptography technology.

Coinbase S-1 Excerpt:

Our Platform

We have developed a complementary suite of products and services that are designed to meet the distinct needs of our customers as they transact in the cryptoeconomy. Our customers – retail users, institutions, and ecosystem partners – come together on our platform to create a powerful flywheel for our business.

Our platform and flywheel are powered by a robust backend technology system that enables us to develop, launch, and market scalable new products and services. Our technology platform includes the following elements:

  • 15+ native blockchain integrations and counting. We have developed custom technology and processes to directly integrate with over 15 blockchain protocols and efficiently support new protocols.

  • Advanced cybersecurity and cryptography technology. We have pioneered industry-leading standards for managing private cryptographic keys and use sophisticated cybersecurity technologies such as multi-party computation to safeguard a wide range of crypto assets.

  • Proprietary crypto compliance infrastructure. We have built bespoke transaction monitoring systems to analyze crypto asset transactions in real-time on the blockchain, allowing us to support new products and services.

  • Powerful product experiences. Investments in our technology platform give us the ability to create unique product experiences for our customers that allow them to easily participate in technically complex parts of the cryptoeconomy.

Multi-party computation (MPC) is an advanced cryptography technology that protects private keys, greatly reducing the potential for key theft or misuse, while also enabling assets to be more accessible and more liquid.

It’s great to see MPC recognized as a core component of cybersecurity best practices at highly successful companies.

MPC Alliance