Coinbase Ventures backs on-chain rates platform Rates Exchange

What's the deal? Rates ExchangeDealroom has a profile for this one. Try Dealroom →, an on-chain interest rate trading and hedging platform, has secured an investment from Coinbase Ventures. The amount was not disclosed.

What's the endgame? Rates Exchange runs an on-chain order book built for trading and hedging interest rates. It currently offers interest rate swaps and plans to add calculation swaps, foreign exchange swaps, and fixed-rate equity options.

The signal: Coinbase Ventures has backed a range of crypto infrastructure and trading ventures. Its support for a rates platform points to interest in pushing crypto markets beyond spot and standard derivatives — though, with terms undisclosed, the scale of that bet remains unclear.

Read more: cointime.ai

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