<ul class="wp-block-list news-points"> 
 <li>Coinbase chief executive Brian Armstrong has invested in a whopping 40 startups.</li> 
 <li>Ex-employee Luke Youngblood highlighted how the exchange funds its alumni.</li> 
 <li>Coinbase has investments in Arbitrum, Magic Eden, and OpenSea.</li> 
</ul> 
Coinbase, the leading U.S. crypto exchange, is aggressively investing in the future by backing startups. CEO Brian Armstrong took to social media platform X (formerly Twitter) to announce the company has already funded a significant 40 startups – the highest number for any publicly traded crypto exchange. 
The X <a href="https://x.com/brian_armstrong/status/1828996807571190047" target="_blank" rel="nofollow">post</a>, which was in reply to a word of appreciation for Coinbase’s security culture, Armstrong emphasized that “joining Coinbase is one of the best ways to learn how to start a startup,” The crypto entrepreneur added: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “A lot of great founders launch products internally at Coinbase as well (and benefit from the distribution). Startup founders with sufficient autonomy inside scaled companies can create magic.” 
</blockquote> 
This strategy extends Coinbase’s influence beyond trading, building a strong alumni network that fuels innovation. Former employee Luke Youngblood, who left in 2022 to pursue a decentralized project, exemplifies this…
The post <a href="https://coinedition.com/coinbase-expands-from-exchange-to-crypto-startup-hub/">Coinbase Expands: From Exchange to Crypto Startup Hub</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Coinbase Expands: From Exchange to Crypto Startup Hub

Coin Edition

Other articles published on Aug 29, 2024

Amber Group deposits another 8k ETH to Binance

Sui Network To Unlock $54 Million Tokens, Here’s Likely Impact On SUI

Bloomberg to onboard Polymarket election data

21 Best Crypto Telegram Groups for News and Community

Bitcoin whale buys 1K BTC as ‘insane’ Binance selling sees sub-$58K low

PEXX raises $4.5M in seed funding for its innovative stablecoin-to-fiat payment platform

Join our free newsletter for daily crypto updates!