• 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.

Other news

BarneyXBT Analyzes Factors for Bitcoin's Market Status

chest

Crypto analyst BarneyXBT presents arguments for and against Bitcoin being in a bear market, highlighting large investors selling, an unstable macro climate, and low retail participation, while noting potential recovery signs.

user avatarKofi Adjeman

Ethereum's Derivatives Market Shows Signs of Change

chest

A recent analysis indicates a potential shift in Ethereum's market structure, with signs of buyer dominance emerging in the derivatives market.

user avatarNguyen Van Long

OCC Proposes Measures to Prevent Interest Payment Workarounds in Stablecoins

chest

The OCC has proposed new rules to address potential loopholes in the regulation of stablecoins, particularly concerning interest payments.

user avatarJesper Sørensen

OCC Proposes New Rules for Stablecoin Regulation

chest

The OCC has proposed a regulatory framework for stablecoins under the GENIUS Act, seeking public feedback to address potential loopholes and ensure effective regulations.

user avatarSatoshi Nakamura

Potential Tax Refunds and Interest Rate Cuts Could Impact Crypto Market

chest

Experts anticipate that tax refunds and potential interest rate cuts could provide relief to the struggling cryptocurrency market.

user avatarRajesh Kumar

Bitcoin Experiences Short-Term Rebound Amid Market Pressures

chest

Bitcoin has experienced a short-term rebound of approximately 7%, providing relief to a market that has been under persistent selling pressure.

user avatarLucas Weissmann

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.