Coinbase invests in Ethena via open market purchase of ENA, flags new partnership
The Block·
60-second summary
Coinbase is investing in Ethena through an open market purchase of ENA tokens, signaling a new partnership between the two companies. Ethena and Coinbase are now collaborating to expand on-chain finance and savings products. This strategic move will likely enhance Coinbase's offerings and increase adoption of decentralized finance solutions, further solidifying its presence in the crypto market.
Ethena said the two companies have also become partners "to grow onchain finance and savings products."