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

Coinbase, the largest U.S.-based centralized crypto exchange (CEX), announced on Tuesday that it has acquired blockchain fundraising platform Echo in a deal valued at approximately $375 million in cash and stock.

The acquisition aims to connect crypto builders with community capital and give users access to new investment opportunities. Echo was co-founded by crypto investor Jordan “Cobie” Fish, who also co-founded the decentralized finance (DeFi) protocol Lido.

Earlier today, Coinbase also paid $25 million for an NFT to bring back the popular UpOnly podcast, co-hosted by Cobie.

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