Coinbase Ventures, the investment division of the largest U.S. Bitcoin exchange, Coinbase, has revealed a significant move. They’ve invested in Rocket Pool by purchasing RPL tokens.
Despite ongoing regulatory pressure on cryptocurrency exchanges from the SEC, this investment signals moderate concerns about altcoins in the market. The influence of the Ripple case decision on this investment choice remains uncertain.
In a statement from Coinbase Ventures, they highlighted the following about Rocket Pool:
“Rocket Pool is a prominent liquid staking network on Ethereum, enabling users to stake ETH while maintaining easy access to their funds. The Rocket Pool network now boasts over 3,100 node operators and more than 780,000 ETH staked, emphasizing decentralization.”
Coinbase Ventures is dedicated to scaling Ethereum’s infrastructure safely and in a decentralized manner, aligning with Rocket Pool’s vision. They plan to participate in the Rocket Pool network by running numerous nodes to aid its advancement.
Coinbase Ventures aims to support Rocket Pool’s enduring growth and intends to collaborate closely with its community in the future.
After the Coinbase investment news, RPL initially increased by 8%, but the price subsequently moderated.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
