COBINHOOD stores the vast majority of the crypto asset deposits in an offline multisig vault, which requires 5 out of 8 geo-distributed hardware security modules to open. Furthermore, crypto assets stored in online wallets will be backed by insurance. COBINHOOD’s proprietary order matching engine can process millions of orders with sub-millisecond latency. The whole system is designed to be fully distributed, highly-available, and auto-scalable—achieving true real-time trading experience for traders around the globe.