Coinbase Capitalizes On Trump’s Pro-Crypto Agenda With $375M Echo Deal
Coinbase Global Inc. (NASDAQ:COIN) has agreed to acquire blockchain fundraising platform Echo for roughly $375 million in cash and stock, according to The Wall Street Journal.
Coinbase Expands Under Trump-Era Tailwinds
The deal marks Coinbase’s eighth acquisition this year as the exchange capitalizes on a crypto-supportive policy environment under President Donald Trump.
The acquisition underscores Coinbase’s strategy to evolve from an exchange into a full-service capital markets platform.
Echo’s technology enables blockchain-native fundraising through both private and public token sales, offering early-stage companies new tools for capital formation.
The move comes as more firms turn to on-chain fundraising models to avoid traditional venture bottlenecks.
Shan Aggarwal, Coinbase’s chief business officer, said the company’s goal is to make “capital markets more open and accessible”.
Deal Builds on Coinbase’s Acquisition Streak
Coinbase has completed more than 40 deals since its …
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