• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase Invests in 40 Startups Launched by Former Employees

user avatar

by Giorgi Kostiuk

a year ago

  1. Coinbase's Investment Activities
  2. Key Startups Receiving Investments
  3. Future Plans


    4. Coinbase, the largest cryptocurrency exchange in the United States, continues its investment activities by announcing investments in 40 startups founded by former company employees.

    Coinbase's Investment Activities

    Coinbase CEO Brian Armstrong announced on his X account that the company has invested in 40 startups founded by former employees of the exchange. These investments highlight Coinbase’s commitment to supporting innovation and the significant role its alumni play in shaping the future of the crypto industry.

    Key Startups Receiving Investments

    Armstrong noted that the startups receiving investments include notable projects like DeFi exchange dYdX, decentralized social network Farcaster, and on-chain social network Zora.

    Joining Coinbase is one of the best ways to learn how to build a startup. We have invested in approximately 40 startups founded by our former employees. Many great founders launch their products internally on Coinbase (and benefit from distribution). Entrepreneurial founders with enough autonomy within scalable companies can create magic. We plan to create many more.Brian Armstrong

    Future Plans

    Coinbase's investments in startups continue, and the company plans to further support the initiatives of its alumni, helping them create and develop innovative projects.

    In this way, Coinbase strengthens its market position and demonstrates its commitment to the development of the crypto industry by investing in projects founded by former employees.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Impact of FLOWBTC Margin Pair Delisting on Traders

chest

Traders using the FLOWBTC margin pair must close positions and cancel orders before the delisting deadline to avoid liquidation.

user avatarMaria Fernandez

BWX Technologies Sees Revenue Growth in Nuclear Sector

chest

BWX Technologies Inc. has reported a 29% increase in total revenue, reaching $866.3 million in its latest Q3 earnings report, driven by its role in the nuclear sector.

user avatarMiguel Rodriguez

Eaton Corporation Achieves Record Growth Amid Energy Transition

chest

Eaton Corporation has reported a remarkable 40% increase in quarterly revenue, reaching $7 billion, alongside record segment margins of 25% in its latest Q3 earnings report.

user avatarRajesh Kumar

Devon Energy Reports Strong Production and Cash Flow Growth

chest

Devon Energy Corporation reported a production level of 390,000 barrels per day and $1.7 billion in operating cash flow, leveraging AI for operational efficiency.

user avatarLuis Flores

Whale Exits Ethereum for Tokenized Gold

chest

An unidentified whale has exited its Ethereum position after significant losses, reallocating funds into tokenized gold.

user avatarGustavo Mendoza

BTCC Enhances Trading Experience with TradingView Integration

chest

BTCC integrates with TradingView to enhance the trading experience for users by providing access to professional-grade charting and analysis tools.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.