• 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

2 years 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

US-Iran War Escalates with New Strikes

chest

The US-Iran war has escalated with fresh strikes from both sides, dampening hopes for a peace deal. The US military shot down four Iranian drones and attacked a ground control station in Bandar Abbas, while Iran retaliated by striking an American airbase in Kuwait. This escalation has led to a significant decline in Bitcoin's price.

user avatarLeo van der Veen

Charles Hoskinson Shifts Focus to Cardano Following Clinic Closure

chest

Charles Hoskinson announced the closure of his family-backed medical clinic in Wyoming, emphasizing a shift in focus towards Cardano and other crypto projects.

user avatarAisha Farooq

Orbital Partners with Banking Circle to Enhance Stablecoin Settlement in Europe

chest

Orbital partners with Banking Circle to enhance stablecoin settlement and multicurrency payment capabilities across Europe.

user avatarLi Weicheng

Strive Asset Management Introduces Innovative Bitcoin-Backed Securities

chest

Strive Asset Management has launched SATA preferred shares, the first listed US security to pay daily dividends, with a 13% annualized rate, aiming to reshape perceptions of money and credit.

user avatarTenzin Dorje

Samsung Affiliates Invest in Leading Crypto Exchange Dunamu

chest

Three Samsung affiliates announced a combined acquisition of a 4% stake in Dunamu, operator of South Korea's leading crypto exchange, Upbit, for approximately 408 million USD.

user avatarBayarjavkhlan Ganbaatar

Worldcoin's Price Reversal Following Initial Surge

chest

Worldcoin's price has fallen back after reaching an 11-week high, raising concerns about the sustainability of the rally.

user avatarElias Mukuru

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.