Coinbase acquires Sensible team to build onchain financial future
Coinbase has announced the acquisition of the founding team behind Sensible, a startup specializing in DeFi-powered consumer applications.
The move aims to accelerate Coinbase’s onchain consumer roadmap and support its broader vision of becoming the “everything exchange.”
The Sensible founders will join Coinbase to lead product initiatives focused on simplifying access to decentralized finance and expanding use cases for everyday users. The company emphasized that the hire represents a critical step toward its goal of creating the number one financial app globally.
Coinbase has been rolling out features such as crypto-backed loans, non-custodial smart wallets, and staking, which allow users to borrow, earn, and secure blockchain networks. The integration of the Sensible team is expected to help reduce complexities in DeFi, making these services more accessible to mainstream users.
“Coinbase is more than a place to buy and sell crypto,” the company stated. “It’s becoming a full-fledged financial platform, a one-stop shop built on crypto rails.”
See also: Gemini secures $50M Nasdaq investment ahead of IPO
The exchange highlighted that users can already earn rewards on USDC, stake assets for competitive yields, or spend via the Coinbase One Card to earn Bitcoin. By embedding DeFi directly into the Coinbase experience, the company says it aims to ensure that anyone - not just advanced crypto users - can borrow, stake, and earn with ease.
The Sensible founders will join Coinbase to lead product initiatives focused on simplifying access to decentralized finance and expanding use cases for everyday users. The company emphasized that the hire represents a critical step toward its goal of creating the number one financial app globally.
Coinbase has been rolling out features such as crypto-backed loans, non-custodial smart wallets, and staking, which allow users to borrow, earn, and secure blockchain networks. The integration of the Sensible team is expected to help reduce complexities in DeFi, making these services more accessible to mainstream users.
“Coinbase is more than a place to buy and sell crypto,” the company stated. “It’s becoming a full-fledged financial platform, a one-stop shop built on crypto rails.”
See also: Gemini secures $50M Nasdaq investment ahead of IPO
The exchange highlighted that users can already earn rewards on USDC, stake assets for competitive yields, or spend via the Coinbase One Card to earn Bitcoin. By embedding DeFi directly into the Coinbase experience, the company says it aims to ensure that anyone - not just advanced crypto users - can borrow, stake, and earn with ease.
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