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Coinbase’s Strategic Investment: Acquiring RPL Tokens from Rocket Pool

Coinbase has made a strategic investment in the liquid staking protocol, Rocket Pool, marking its entry into this area of the decentralized finance sector. Despite acquiring an undisclosed amount of RPL tokens, the value of the tokens did not significantly increase after the announcement. Rocket Pool, a decentralized Ethereum staking pool, is managed by decentralized nodes backed by RPL token collateral, and Coinbase has begun operating several hundred of these nodes.

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