The US-based exchange Gemini confirmed that it is launching a hardware key compatibility capability on its mobile application. The new component will enhance security capabilities for users. The functionality gives customers compatibility with different devices including Yubikey added security.
The iOS and Android “Gemini customers can now use USB and near-field communication, or NFC, security keys to securely sign in to the Gemini Mobile App,” thanks to WebAuthn compatibility available on Gemini’s app. The exchange confirmed these reports in a July 14 statement provided to reporters.
The Feature Enhances Two-Factor Authentication
2FA or two-factor authentication supports and enables additional security beyond a simple website password login. Once it is enabled, 2FA needs a code from a mobile device for website login after a user inputs their password. The code, normally a single-use, time-based string of numbers, comes from a text message or a third-party app subject to the user’s settings.
Other formats and strategies also exist for 2FA. They need a physical device plug-in for logins like Yubico’s Yubikey. The hardware keys operate as one approach to protection against hacking and mobile phone SIM card swapping.
Yubico And Gemini Join Hands
Gemini and Yubico have teamed up according to the official statement. Part of it reads:
“Yubikeys provide a secure, cross-platform solution you can use to access your Gemini account via our Mobile App, as well as any other sites that support WebAuthn.”
Gemini’s primary browser-based platform launched WebAuthn and physical security device compatibility in May 2019 as explained in another company statement. Security is important in the crypto space since the sector is currently plagued by hacks and data breaches.