Coinbase acquired Echo for 375 million dollars.

Coinbase Acquires Echo

Coinbase has acquired the startup Echo, which focuses on on-chain capital formation, for approximately 375 million dollars. This acquisition highlights Coinbase's goal to expand its financial product offerings.

Echo provides a platform that allows enterprises to raise funds directly from their communities. Following the acquisition, Echo will continue to operate as an independent platform.

This strategic move will enable Coinbase to enhance its capacity to support tokenized securities and real-world assets.