Coinbase just dropped $375 million in cash and stock to buy Echo, a crypto investment platform that helps projects raise money through token sales. The deal’s all about bringing better fundraising tools directly onto Coinbase’s platform.
Echo’s been helping crypto projects raise capital through both private and public token sales using their Sonar platform. Since launching two years ago, they’ve helped crypto companies pull in over $200 million. The platform was founded by Jordan Fish, who most people know by his online name “Cobie.”
Coinbase said they want to “create more accessible, efficient, and transparent capital markets.” They’re starting with crypto token sales but plan to expand into tokenized securities and real-world assets later on.
This deal fits into a bigger trend happening right now. Crypto companies are going on an acquisition spree this year thanks to the Trump administration being way more crypto-friendly than the previous one. Last week, Kraken bought futures exchange Small Exchange for $100 million so they can launch a fully US-based derivatives platform.
Back in May, Coinbase made an even bigger move by acquiring crypto options provider Deribit for $2.9 billion. That deal filled a gap in their derivatives offerings and strengthened their international presence.
The crypto industry’s basically consolidating as regulatory clarity improves and companies feel more confident expanding their US operations.
Conclusion
Coinbase acquired crypto investment platform Echo for $375 million to add token sale capabilities, continuing the industry consolidation trend amid the Trump administration’s crypto-friendly regulatory environment.
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