Crypto Exchanges
By Maheen Hernandez
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PQ-CoreKMS and the 99.9% Problem. The crown jewel of Coinbase's internal effort is something called PQ-CoreKMS — its proprietary key…
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Stanford, NIST, and a $15 Million Consortium. The internal work is only part of it. Coinbase is co-hosting a working session with Stanford,…
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Why the Collective Push Matters Now. Coinbase's position is pretty direct: no single company can solve this alone.
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Quantum computing isn't going to break Bitcoin tomorrow. But Coinbase isn't waiting around to find out when it will.
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The exchange is pushing hard on post-quantum security right now — building new custody tech, reviewing its entire cryptographic infrastructure, and throwing money and engineers…
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The board's confidence on that eventual arrival isn't hedged. It's not "maybe" or "possibly." It's when, not if.
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The crown jewel of Coinbase's internal effort is something called PQ-CoreKMS — its proprietary key management system. Right now, that system protects roughly 99.
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It's not just one fix. It's a layered approach, designed to flex.
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Coinbase is also doing a full audit of the cryptography running throughout its broader infrastructure — customer data systems, authentication processes, everything.
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And Coinbase is assigning engineers to support BIP-360, an open-source proposal aimed at building quantum resistance into Bitcoin's protocol layer.
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The internal work is only part of it. Coinbase is co-hosting a working session with Stanford, scheduled for August, that'll pull together Bitcoin Core developers, researchers,…
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More context: Bitcoins $15M Quantum Defense Fund Backs New Crypto Cryptography Race
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On the regulatory and standards side, the U.S. National Institute of Standards and Technology released draft updates for post-quantum cryptographic standards in June 2026.
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Then there's the Bitcoin Security Consortium. Coinbase is a founding member. The consortium is running a $15 million initiative to fund open-source research on Bitcoin's…
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Fifteen million dollars sounds big. Whether it's enough for the scale of the problem is unclear.
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