Coinbase Ventures invested in Ethena through an open market purchase of ENA as Coinbase expanded its partnership with the onchain synthetic dollar protocol.
Ethena and @coinbase have partnered to grow onchain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week.
Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market. https://t.co/RGPUSlTRdU pic.twitter.com/6tBW404lYv
— Ethena (@ethena) June 2, 2026
The partnership makes Coinbase Ethena’s primary custodian, wallet provider, and perpetuals venue, supporting security and operations across more than $5 billion in assets. Ethena said USDe is also coming to Base and the broader Coinbase ecosystem as the companies move to expand onchain finance and savings products.
