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Coinbase urges crypto industry to prepare for quantum computing threat in first position paper

Coinbase has issued its first official position paper urging the cryptocurrency industry to take early action against threats posed by quantum computing. Its independent advisory board warned that while digital assets are safe today, quantum computers capable of breaking blockchain cryptography will eventually emerge. The board identified wallet-level signatures as the biggest weak point, citing migration costs and coordination challenges, and flagged risks from lost keys and inactive wallets that may not upgrade.