Unveiling Coinbase's Vision: Pioneering the Evolution of Digital Assets Through Strategic Investments
Deep Dive: Coinbase’s key 50 acquisitions, investments, and partnerships
Coinbase is much more than the second-biggest crypto exchange in the world.
In this piece we’ll understand why, and why it is used as a TradFi proxy for the Crypto market in a much broader sense than Microstrategy is.
Source: https://coinmarketcap.com/rankings/exchanges/
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.
Since then, Coinbase has seen its share price fall sharply amid a broader crypto selloff and the recent legal disputes with the SEC.
The adverse price action didn’t deter Coinbase though: Its investment activity over the last year points to 2 long-term goals that the company has been going after: Global expansion and fueling the growth of Web3, a broad term for decentralized, blockchain-based internet applications.
Source: Yahoo Finance
What are Coinbase actual bets?
Using CB Insights data, I report the 5 most important strategic priorities implicitly highlighted by Coinbase’s recent acquisitions, investments, and partnerships and I include their 50 companies strategy map.
In particular, we dive into the priorities 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