Coinbase Ventures' 2026 Investment Outlook
Coinbase Ventures released its 2026 investment outlook, outlining its focus on four key areas: RWA perpetual contracts, specialized trading terminals, next-generation DeFi protocols, and AI and robotics.
Specialized trading terminals will focus on Prop AMMs and prediction market trading terminals; next-generation DeFi protocols will focus on perpetual market composability, uncollateralized lending/credit, and on-chain privacy; and AI and robotics will focus on human identity verification, AI-enabled on-chain development, and security.
Coinbase Ventures stated that its team is actively seeking investments in these areas and welcomes discussions with relevant projects.
Amundi Sells Strategy Shares
Amundi, Europe’s largest asset manager, disclosed that it sold 772,620 shares of Strategy (MSTR) stock in the third quarter, worth $135 million.
Robinhood and Susquehanna Acquire Majority Stake in MIAXdx
Robinhood and hedge fund Susquehanna International Group are taking over a regulated exchange previously linked to the now-bankrupt crypto firm FTX, giving the two companies a new foothold in the prediction market space. The two companies are acquiring a majority stake in MIAXdx (formerly LedgerX).
LedgerX, formerly owned by FTX and now operated by Miami International Holdings (MIH), was a U.S.-based derivatives exchange. Financial details of the deal were not disclosed, but MIH stated it will sell 90% of the exchange to a group led by Robinhood. Robinhood stated it will become the “controlling partner” in the new joint venture, while Susquehanna will act as the “first-day liquidity provider” to ensure clients have counterparties for their trades.
Both acquiring parties already have close ties to the prediction market. Susquehanna has stated that it is a market maker for the prediction market Kalshi. Robinhood is offering Kalshi’s event contracts to its retail investment clients. This new deal will give Robinhood and Susquehanna direct control over the infrastructure needed to list and liquidate event contracts on their own terms.