Coinbase News: Privy Raises Over $40 Million in Funding to Bolster Crypto Infrastructure

In a significant boost for the cryptocurrency industry, Privy has announced the securing of over $40 million in funding. The round was led by Ribbit Capital, with additional support from Sequoia Capital, Paradigm, BlueYard, and Coinbase. This brings the company’s total funding to a substantial amount, positioning it well for future growth and expansion in the crypto space.

Privy Secures Over $40m in Funding to Expand Crypto Infrastructure

Privy has announced a new funding round led by Ribbit Capital, with continued support from Sequoia Capital, Paradigm, BlueYard, and Coinbase. The fresh investment brings the company’s total funding to over $40 million. Privy provides API-based infrastructure for user onboarding and embedded wallets, enabling developers to create seamless experiences on blockchain rails. The company has powered over 50 million accounts across payments, DeFi, social, and gaming, offering wallet solutions that eliminate complexities such as downloads, seed phrases, and gas fees. The investment will help Privy scale its infrastructure, improve security, and enhance real-time transaction capabilities.

First Solana Futures ETFs in US Set to Begin Trading Thursday

Volatility Shares, a Florida-based issuer of exchange-traded funds, will debut two ETFs on Thursday that track Solana’s price using futures contracts in the U.S. The Volatility Shares Solana ETF (SOLZ) will track Solana futures, which recently launched in the U.S. through Coinbase’s derivatives arm, while the Volatility Shares 2x Solana ETF (SOLT) will allow investors to access amplified returns. Both funds will be listed on the Nasdaq.