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Coinbase backs Ethena to launch new savings product for 100M users next week

Market News
02 Jun 2026
Coindesk
View Source
Bullish
pluang ai news

Coinbase Ventures has purchased Ethena's ENA tokens as the two prepare to launch an onchain savings product for Coinbase's 100 million users next week. This partnership expands Ethena's reach beyond crypto-native users and integrates its products into Coinbase's ecosystem, including custody and wallet services. Ethena also deepens its collaboration with Anchorage Digital to support institutional lending, making crypto lending more accessible with regulated custody. This move highlights Coinbase's endorsement of Ethena's innovative yield strategies amid ongoing crypto market challenges and regulatory discussions in the U.S.

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