Coinbase Strikes Deal for Crypto-Investing Platform Echo

Published 2 weeks ago Negative
Coinbase Strikes Deal for Crypto-Investing Platform Echo
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Coinbase Global has struck a roughly $375 million deal to acquire Echo, a platform that allows crypto companies to quickly raise capital directly on the blockchain, executives told The Wall Street Journal. The acquisition marks Coinbase’s eighth deal so far this year, as the country’s largest crypto exchange capitalizes on momentum under President Trump’s crypto-friendly regime. Coinbase is using a mix of cash and stock to fund the deal, which is set to be announced later Tuesday.

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