• 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

Coinbase Premium Index Indicates Potential Demand Recovery for Ethereum

chest

The Coinbase Premium Index has recently rebounded, indicating a potential shift in demand for Ethereum from US investors.

user avatarBayarjavkhlan Ganbaatar

Bitcoin's Value Stalls Against Gold Amid Quantum Computing Concerns

chest

Bitcoin's long-term value increase compared to gold has halted, coinciding with the rise of quantum computing awareness.

user avatarMohamed Farouk

Kevin O'Leary Secures $28 Million Judgment in Defamation Case Against Ben Armstrong

chest

Businessman Kevin O'Leary has won a $28 million judgment in a defamation case against YouTuber Ben Armstrong after Armstrong failed to respond to the lawsuit regarding false claims about O'Leary's involvement in a fatal boating accident.

user avatarElias Mukuru

Locked Ethereum Supply Influences Market Dynamics

chest

The increase in locked Ethereum supply is impacting market dynamics, reducing selling pressure and altering trading conditions.

user avatarDiego Alvarez

Ethereum Staking Rate Reaches New Heights

chest

The Ethereum staking rate has surged to an all-time high, with over 30% of the total ETH supply now locked in staking contracts.

user avatarKenji Takahashi

Analysts Weigh in on Altcoin Gains and Economic Indicators

chest

Analysts discuss the sustainability of recent altcoin gains and the importance of upcoming US economic indicators.

user avatarGustavo Mendoza

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.