Coinbase Acquires Echo for $375 Million to Bolster On-Chain Fundraising

On the 21st, Coinbase announced the acquisition of the on-chain fundraising platform Echo for approximately $375 million (57 billion yen), as reported by The Wall Street Journal. This acquisition, the eighth transaction this year, will be financed through a combination of cash and stock.

Echo provides a platform that enables cryptocurrency companies to raise funds directly on the blockchain. It supports both private and public token sales and has facilitated over 200 million dollars in fundraising through about 300 transactions since its launch last year.

Echo is a virtual...