Coinbase acquires team to accelerate onchain consumer roadmap: Building the #1 financial app

At Coinbase, we believe the future of finance is onchain. And as the world’s leading crypto platform, we’re building a roadmap that doesn’t just keep pace with innovation – it defines it. Our vision is clear: to make Coinbase an everything exchange, the gateway to a thriving onchain economy, and the best place to grow your money and manage everyday finances.

Take, for example, our crypto-backed loans platform. By leveraging non-custodial smart wallets, users can get access to liquidity without intermediaries. Or consider staking, where users can participate in securing blockchain networks while earning rewards. These are just a few of the ways we’re helping users unlock the full potential of their assets.

Today, we’re taking another critical step towards a truly onchain future by acquiring the founders of Sensible. The pair bring unique expertise in building DeFi-powered consumer applications and will lead key teams shaping our onchain consumer strategy. Onboarding more users to the onchain economy requires simplifying access to DeFi, and the team’s experience will help strip complexities, elevate use cases, and make crypto that much easier for our users.

Coinbase is more than a place to buy and sell crypto. It’s becoming an everything exchange, and full-fledged financial platform: every asset you want to trade in a one-stop shop, all on crypto rails. Whether it’s earning rewards on your USDC holdings, staking your assets for competitive returns, or spending with the Coinbase One Card and earning bitcoin, we’re building a financial ecosystem that empowers users to do more with their money. And through efforts like this talent acquisition, we’re bringing DeFi directly into the Coinbase experience, so anyone – not just experts – can borrow, stake, and earn with ease.