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Coinbase invests in Ethena, boosting ENA token 15% amid expanded partnership

Market News
02 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Coinbase Ventures has made its first open market investment in Ethena by purchasing ENA tokens, deepening their partnership. Ethena named Coinbase as its primary custodian, wallet provider, and perpetuals venue, supporting over $5 billion in assets. The partnership will bring Ethena's USDe token to Coinbase's Base network and its 100 million users, expanding onchain finance and savings products. ENA token surged over 15% on the news, reflecting investor optimism about the collaboration's growth potential.

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