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US Patent 11151525 Systems and methods for withdrawal consolidation

Patent 11151525 was granted and assigned to Coinbase on October, 2021 by the United States Patent and Trademark Office.

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Is a
Patent
Patent

Patent attributes

Patent Applicant
Coinbase
Coinbase
Current Assignee
Coinbase
Coinbase
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11151525
Patent Inventor Names
Vipul Patil0
Paul Collier0
Sahil Amoli0
Bojan Joveski0
Justin O'Brien0
Maksim Stepanenko0
Date of Patent
October 19, 2021
Patent Application Number
20200305
Date Filed
March 5, 2020
Patent Citations
Reggie Middleton (entrepreneur)
Reggie Middleton (entrepreneur)
Patent abstract

Systems and methods for performing consolidation of several cryptocurrency payments by using a non-custodial cryptocurrency platform. A consolidation address is generated at the non-custodial platform in response to a withdrawal request. The consolidation address is under direct ownership of a user. At least one unsigned consolidation transaction is generated that identifies at least one selected payment representation as input, and the generated consolidation address as an output. An unsigned destination transaction is also generated. The unsigned destination transaction identifies the generated consolidation address as an input and the withdrawal destination as an output. A signed version of each consolidation transaction and a signed version of the destination transaction are received from a signing enclave. The signing enclave is included in a client device of the user.

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