We mined Coinbase’s acquisitions, investments, and partnerships to discern the company's strategic priorities.
Coinbase went public in April 2021. Since then, the US-based crypto giant has acquired several companies, invested in over a hundred startups via Coinbase Ventures, and formed dozens of strategic partnerships.
Coinbase has seen its share price fall sharply amid a broader crypto selloff — prompting it to take money-saving measures like slowing hiring — but its investment activity over the last year points to 2 long-term goals that the company will likely still be going after: global expansion and fueling the growth of Web3, a broad term for decentralized, blockchain-based internet applications.
Using CB Insights data, we uncovered the 5 most important strategic priorities highlighted by Coinbase’s recent acquisitions, investments, and partnerships. In this report, we dive into the priorities listed below and how they align with the key themes of global expansion and Web3.
- Crypto exchanges & wallets
- Decentralized finance (DeFi)
- Institutional crypto
- Non-fungible tokens (NFTs), gaming, & the metaverse
- Web3 infrastructure & development
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