Coinbase backs Ethena ahead of savings product launch for exchange's 100 million users
Coinbase Ventures, the exchange's venture arm, bought Ethena tokens on the open market as the protocol is set to roll out a Coinbase integration next week.
AI Summary
Coinbase Ventures purchased Ethena (ENA) tokens on the open market as the protocol prepares to launch a savings product integrated with Coinbase next week, making Ethena products available to over 100 million users. The partnership also includes expanded collaboration with Anchorage Digital for institutional lending, and ENA's price surged 20% on the news before paring gains.