Coinbase Acquires Echo for $375 Million, Fueling Expansion in On-chain Capital Markets

Coinbase has made a significant move in the crypto investment landscape, acquiring on-chain investment platform Echo Ltd. for $375 million. This acquisition marks Coinbase’s eighth major purchase of the year and signifies a strategic push into the burgeoning on-chain capital markets sector. Echo will operate independently under Coinbase, leveraging its expertise in decentralized public token sales facilitated by its popular ‘Sonar’ tool.