Coinbase acquires crypto-investing platform Echo in $375M deal

The Wall Street Journal reports that Coinbase Global has agreed to acquire Echo, a blockchain-based fundraising platform, in a deal valued at approximately $375 million. The acquisition marks Coinbase’s eighth deal this year, underscoring its aggressive push into institutional crypto solutions.

Source The Wall Street Journal

Executives said the move will enable Coinbase to expand its corporate infrastructure by allowing companies to raise capital directly on-chain. Echo’s technology streamlines the fundraising process, letting businesses issue tokens and engage investors without intermediaries.

Analysts view the purchase as a strategic effort to strengthen Coinbase’s market position against growing competition from European and Asian exchanges. The acquisition also signals renewed investor confidence in the digital asset sector following a volatile period in the crypto market.