Crypto exchange giant Coinbase has announced the acquisition of Echo, a crypto investment and token sales platform, in a cash and stock deal valued at approximately $375 million. The move is seen as part of Coinbase’s strategy to enhance access to institutional investors and digital asset ventures.
Echo’s technology and user base will be integrated into Coinbase’s platform, creating a stronger ecosystem for token launches, investment management, and staking services. Analysts suggest that the acquisition will boost Coinbase’s competitive position in the U.S. and global markets and could accelerate consolidation trends across the crypto industry.
