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via The Block · By The Block Editorial

Coinbase invests in Ethena via open market purchase of ENA, flags new partnership

ENA

ENA/USDT

$0.0854
-11.32%
24h Volume

$270,738,745.53

24h H/L

$0.0985 / $0.0843

Change: $0.0142 (16.84%)

Funding Rate

-0.0006%

Shorts pay

Data provided by COINOTAG DATALive data
ENA
ENA
Daily

$0.0859

-5.50%

Volume (24h): -

Resistance Levels
Resistance 3$0.1050
Resistance 2$0.0985
Resistance 1$0.0908
Price$0.0859
Support 1$0.0849
Support 2$0.0779
Support 3$0.0699
Pivot (PP):$0.087233
Trend:Downtrend
RSI (14):45.8
TB
The Block Editorial
(05:29 PM UTC)
1 min read
DK
Reviewed byDavid Kim
798 views
0 comments

Coinbase Ventures said Tuesday it has invested in Ethena after purchasing ENA tokens on the open market.

Ethena said the two companies have also become partners "to grow onchain finance and savings products." Coinbase mentioned a "closer partnership" that included Circle's USDC stablecoin, according to a social media post.

ENA jumped in price following the announcement, up about 6% during the…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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