Coinbase Invests $375 Million to Acquire On-Chain Fundraising Platform Echo, Boosting the Development of a Full-Stack Crypto Investment Solution

BlockBeats News, October 21st, according to official sources, Coinbase announced the acquisition of the on-chain fundraising platform Echo. The transaction amount is approximately 375 million U.S. dollars, using a combination of cash and stock, and the final consideration will be adjusted as usual.

The official statement mentioned that Echo, created by Cobie, a veteran in the cryptocurrency field and a long-time advocate of community-driven investment, pioneered a series of tools to make the fundraising process more inclusive, transparent, and efficient. The platform is committed to helping the community collaborate on investments and providing project founders with more flexible equity solutions. Echo, in line with Coinbase's philosophy, firmly believes that early-stage investment should be democratized to allow more people to support groundbreaking startups. This acquisition will help Coinbase build a full-stack solution for crypto projects and investors, covering the entire cycle from project launch, fundraising to secondary market trading.

BlockBeats previously reported that yesterday, Coinbase spent 25 million U.S. dollars to acquire the UpOnly NFT from Cobie. UpOnly NFT originated from the blog show "UpOnly" hosted by Cobie (co-hosted with Ledger). The show invites top traders, project founders, fund managers, and others to discuss crypto trends.