• Coinbase chief executive Brian Armstrong has invested in a whopping 40 startups.
• Ex-employee Luke Youngblood highlighted how the exchange funds its alumni.
• Coinbase has investments in Arbitrum, Magic Eden, and OpenSea.

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 post, 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:

“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.”

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 Coinbase Expands: From Exchange to Crypto Startup Hub appeared first on Coin Edition.

• Coinbase chief executive Brian Armstrong has invested in a whopping 40 startups.
• Ex-employee Luke Youngblood highlighted how the exchange funds its alumni.
• Coinbase has investments in Arbitrum, Magic Eden, and OpenSea.

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 post, 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:

“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.”

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 Coinbase Expands: From Exchange to Crypto Startup Hub appeared first on Coin Edition.