• 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

XRP ETFs Achieve Record Trading Volume Despite Recent Outflows

chest

XRP ETFs in the US reached a record weekly trading volume of $219 million despite a net outflow of $408 million.

user avatarJesper Sørensen

Validator Competition Shapes Hyperliquid's Future

chest

The competition among validators is intensifying as major funds and centralized exchanges enter the network.

user avatarRajesh Kumar

EnigmaValidator Struggles to Secure Validator Spot Despite Holding 247M HYPE

chest

EnigmaValidator is struggling to secure a position among the top validators in the Hyperliquid network despite holding 2,470,418 HYPE tokens due to intense competition.

user avatarLucas Weissmann

BitMine Chairman Proposes 1000x Increase in Authorized Shares

chest

BitMine Chairman Tom Lee proposed a 1000x increase in authorized shares from 50 million to 50 billion to maintain affordability and accommodate future stock splits.

user avatarFilippo Romano

HYPE Price Outlook Remains Range-Bound Amid Market Predictions

chest

Market forecasts suggest that HYPE will trade sideways in January, fluctuating between 20 and 30.

user avatarEmily Carter

OKX Restructures Institutional Division Amid Strategic Shift

chest

OKX has confirmed layoffs in its institutional sector as part of a global restructuring effort aimed at enhancing client relations.

user avatarTomas Novak

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.