• 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

Ethereum Sees Surge in Validator Deposits as Withdrawals Decline

chest

Ethereum experiences a notable shift in staking activity, with validator deposits surpassing withdrawals for the first time in six months, indicating renewed demand for staking.

user avatarGustavo Mendoza

Manufacturing Data Set to Provide Key Economic Insights

chest

The December S&P Global Manufacturing PMI data will provide insights into economic conditions.

user avatarLuis Flores

US Markets Close for New Year, Impacting Liquidity

chest

US stock markets will be closed for the New Year, affecting liquidity across correlated assets.

user avatarRajesh Kumar

Bitcoin Experiences Major Short Liquidation Amid Market Rotation

chest

Bitcoin saw a significant short squeeze with $493 million in total liquidations as capital rotates from metals to cryptocurrencies.

user avatarMiguel Rodriguez

China's Silver Export Restrictions Could Impact Global Markets

chest

China's newly announced silver export restrictions will officially take effect, adding a new variable to global commodity markets.

user avatarArif Mukhtar

Labor Market Signals Could Influence Crypto Sentiment

chest

The upcoming release of Initial Jobless Claims data is expected to test perceptions of the strength of the US labor market and influence crypto sentiment.

user avatarDavid Robinson

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.