Coinbase, the largest cryptocurrency exchange in the United States, continues its investments without slowing down and the 40 projects they have recently invested in have been announced.
Coinbase CEO Brain Armstrong announced on his X account that they invested in 40 startups founded by former employees of the exchange.
Armstrong noted that these initiatives include notable names such as DeFi exchange dYdX, decentralized social network Farcaster, and on-chain social network Zora.
These investments not only underscore Coinbase’s commitment to supporting innovation, but also underscore the important role its graduates play in shaping the future of the crypto industry.
“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.”
Joining Coinbase is one of the best ways to learn how to start a startup.
We’ve invested in ~40 startups founded by former employees.
A lot of great founders launch products internally at Coinbase as well (and benefit from the distribution). Startup founders with sufficient… https://t.co/QBchayxeez pic.twitter.com/PIa2yExP9W
— Brian Armstrong (@brian_armstrong) August 29, 2024
*This is not investment advice.