Coinbase backs Ethena ahead of savings product launch for exchange's 100 million users

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Krisztian Sandor | Edited by Nikhilesh De Jun 2, 2026, 8:09 p.m. 3 min read Make preferred on Coinbase (appshunter.io/Unsplash) What to know : Coinbase Ventures said Tuesday it had backed Ethena by purchasing ENA tokens on the open market. Ethena products will become available to Coinbase s 100 million-plus users through a new service launching next week. The protocol also expanded its partnership with Anchorage Digital to support institutional lending activity. Coinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), said it had backed Ethena (ENA), buying the protocol s token on the open market as the two firms prepare to launch a new onchain savings product for the exchange s more than 100 million users.