Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with cybersecurity firm Irdeto to combat the increasing threat of criminal activity within the crypto space. The move reflects growing concerns about cybercrime linked to the use of digital assets. 🔎 💻 💰 Irdeto’s security solution, Cloakware®, will be integrated into Coinbase platforms to enhance protection against illicit activities. This collaboration addresses the misuse of cryptocurrencies for various illegal purposes like ransomware payments and darknet market transactions. 🔒 💥 💸 The partnership aims to bolster Coinbase’s security measures, detect suspicious activities more efficiently, and safeguard user data. 💪 Coinbase believes this alliance will not only strengthen its own defenses but also influence broader industry standards by setting a precedent for increased cybersecurity in the crypto sector.