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.
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.
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