5 Articles
5 Articles
Coinbase Ventures Buys ENA As Ethena Targets Onchain Savings Push
Coinbase Ventures has made its first investment in Ethena by buying ENA on the open market, adding a major U.S. exchange name to one of crypto’s fastest-growing synthetic dollar projects. The Coinbase Ventures ENA purchase comes alongside a broader Coinbase and Ethena partnership focused on onchain finance and savings products for Coinbase’s 100 million-plus userbase. The first growth initiative is scheduled to launch next week, putting Ethena c…
What to remember: Coinbase Ventures has invested in Ethena by buying ENA tokens on the market. Both groups are partnering around the dollar savings and the USDC stablecoin of Circle. The token ENA jumped about 25% after the announcement, before stabilizing to $0.09, or a 10% increase in 24 hours. Coinbase is setting foot in Ethena. The Coinbase Ventures investment branch announced this Tuesday that it has taken an interest in Ethena after purcha…
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