Coinbase Acquires Leading Onchain Capital Raising Platform, Echo in $375M Deal

Crypto giant Coinbase is expanding its base once ￰0￱ a recent $375 million deal, the largest crypto exchange in the US purchased Echo, a leading onchain capital raising ￰1￱ exchange Coinbase has acquired onchain capital raising platform ￰2￱ Echo’s acquisition, Coinbase community members can more easily raise capital to ￰3￱ Makes Fundraising More Accessible Crypto behemoth Coinbase recently announced the acquisition of Echo , an on-chain capital raising platform for approximately $375 million in cash and stocks. Echo’s platform simplifies raising capital and investing and makes it more accessible to the ￰4￱ like Coinbase, Echo believes in levelling the playing field in early-stage investing to enable more people to support next-generation, up-and-coming ￰5￱ to Coinbase, this angel investor has pioneered tools which have made fundraising more “inclusive, transparent, and efficient.” “Why?” You May Ask Coinbase explained its reasoning behind the decision to purchase ￰6￱ decision was driven by Coinbase recognising the struggles which individual investors face, and acknowledging the difficulty founders experience in raising ￰7￱ its announcement, the company explained: “We want to create more accessible, efficient, and transparent capital ￰8￱ today, founders often struggle to raise capital and individual investors don’t have the opportunity to invest in private token sales.” According to Coinbase, Echo is key in solving the issues it identified in raising ￰9￱ allows projects to raise capital directly from its community in two ways – either through a private Echo sale or by self-hosting a public token sale using Echo’s Sonar ￰10￱ explained that by joining forces and integrating Echo’s features onto its platform, it will allow more direct community participation through joining projects with capital, entirely ￰11￱ will begin the journey with Echo with crypto sales via Sonar, but later plans to expand support to tokenized securities and real-world ￰12￱ Echo Since its launch, Echo has massively opened up private markets helping projects raise over $200 million across over 300 ￰13￱ was founded by one of the original big-time crypto traders, Jordan Fish, or better known by his pseudonym “Cobie.” Coinbase Thriving Under Pro-Crypto Trump Administration President Donald Trump, the man who mastered the art of the deal, has been in office for nearly a year, and crypto is ￰14￱ President’s pro-crypto agenda has seen the SEC back off after years of onslaught under the previous administration and the efficacy of Trump’s agenda is ￰15￱ policies that foster, encourage and support investment and innovation, crypto companies like Coinbase have struck deal after ￰16￱ soared to a new all-time high recently, hitting $125,770, while the altmarket continues to explode.

Disclaimer: This article is provided for informational purposes ￰17￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.