Ramazan Eles 
Brian Armstrong, the CEO of Coinbase, took to his X account to reveal that the company has invested in 40 startups founded by former employees.
As the largest cryptocurrency exchange in the United States, Coinbase continues to expand its investment portfolio, with the latest announcement highlighting 40 new projects they’ve backed.
In his statement, Brian Armstrong noted that these startups include notable names such as the DeFi exchange dYdX, the decentralized social network Farcaster, and the on-chain social platform Zora.
These investments not only demonstrate Coinbase’s commitment to fostering innovation but also emphasize the significant role that its alumni are playing in shaping the future of the crypto industry.
“Joining Coinbase is one of the best ways to learn how to build a startup.
We have invested in nearly 40 ventures launched by our former employees.
Many exceptional founders are launching their products internally at Coinbase (and benefiting from the distribution network). Entrepreneurial leaders with sufficient autonomy within scalable companies can create magic.
We plan to create much more.”
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