Coinbase buys ENA stake as Ethena token jumps 15% on expanded partnership
Coinbase Ventures has purchased a stake in ENA, Ethena's governance token, while Coinbase simultaneously expanded its partnership with Ethena across multiple product lines including custody, wallets, perpetuals trading, and USDe stablecoin access. The announcement triggered a 15% price surge in ENA, reflecting market enthusiasm for the deepened institutional integration.

