Coinbase Acquires Echo for $375 Million, Expanding On-Chain Fundraising

Coinbase has acquired Echo, an on-chain capital formation platform, in a deal worth $375 million. This acquisition represents Coinbase’s significant commitment to expanding its role in token fundraising and marks a major step forward for the development of decentralized finance (DeFi). The agreement underscores the growing importance of on-chain fundraising as a key driver of innovation within the crypto sector.