Coinbase Ventures, the investment arm of Coinbase, the largest US Bitcoin exchange, recently announced that it has made a strategic investment in Rocket Pool by purchasing the RPL token.
While the announcement by Coinbase Ventures was titled “exciting news,” “Coinbase Ventures recently made a strategic investment in Rocket Pool by purchasing RPL tokens from the Rocket Pool team.” expressions were used.
The investment news, which came at a stage where the SEC's pressure on cryptocurrency exchanges continues, shows that the stock market's concerns about altcoins are not at a high level. It is unknown whether the decision in the Ripple case had an impact on this investment decision.
In the statement made by Coinbase Ventures, the following statements were included:
“Rocket Pool is a leading liquid staking network on Ethereum, allowing users to stake ETH while maintaining liquidity.
Emphasizing decentralization, the Rocket Pool network now consists of more than 3,100 node operators with over 780,000 ETH staked.”
In addition to our efforts with the launch of the Base mainnet, we believe that scaling Ethereum's infrastructure in a secure, decentralized way is critical to bringing the next billion users on-chain.
We know that the Rocket Pool team shares this belief. We are happy to support them by running several hundred nodes in the Rocket Pool network.
We are honored to help support the long-term growth of Rocket Pool and look forward to engaging and contributing to the Rocket Pool community in the years to come.”
RPL, which rose by 8% after Coinbase's investment news, retreated somewhat.
*Not Investment Advice.